LRT Capital Management LLC Sells 2,642 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

LRT Capital Management LLC lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 25.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,915 shares of the technology company’s stock after selling 2,642 shares during the quarter. LRT Capital Management LLC’s holdings in Trade Desk were worth $930,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Investment Management Corp of Ontario increased its holdings in Trade Desk by 32.3% during the fourth quarter. Investment Management Corp of Ontario now owns 19,665 shares of the technology company’s stock worth $2,311,000 after buying an additional 4,801 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Trade Desk by 11.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 494,313 shares of the technology company’s stock valued at $58,097,000 after acquiring an additional 49,697 shares during the last quarter. Gotham Asset Management LLC grew its position in shares of Trade Desk by 133.9% during the 4th quarter. Gotham Asset Management LLC now owns 9,061 shares of the technology company’s stock valued at $1,065,000 after acquiring an additional 5,187 shares during the period. Graham Capital Management L.P. grew its position in shares of Trade Desk by 17.6% during the 4th quarter. Graham Capital Management L.P. now owns 5,785 shares of the technology company’s stock valued at $680,000 after acquiring an additional 865 shares during the period. Finally, Ethic Inc. purchased a new stake in shares of Trade Desk during the 4th quarter worth approximately $424,000. 67.77% of the stock is owned by institutional investors.

Trade Desk Trading Up 18.6%

Shares of NASDAQ TTD opened at $71.04 on Monday. The business has a 50-day moving average of $54.62 and a 200-day moving average of $94.99. The firm has a market capitalization of $35.24 billion, a price-to-earnings ratio of 91.08, a PEG ratio of 3.11 and a beta of 1.29. The Trade Desk, Inc. has a 12 month low of $42.96 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $616.02 million during the quarter, compared to analysts’ expectations of $575.62 million. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 EPS. On average, analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has authorized a share buyback plan on Wednesday, February 12th that permits the company to buyback $564.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

TTD has been the topic of several research analyst reports. BMO Capital Markets dropped their price objective on Trade Desk from $160.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. KeyCorp boosted their target price on Trade Desk from $67.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday. Evercore ISI cut Trade Desk from an “outperform” rating to an “inline” rating and dropped their price target for the company from $135.00 to $90.00 in a research report on Thursday, February 13th. Guggenheim cut their price target on Trade Desk from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday. Finally, Wells Fargo & Company lowered their price objective on Trade Desk from $101.00 to $72.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and an average price target of $98.88.

Trade Desk Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.