Robeco Institutional Asset Management B.V. trimmed its holdings in shares of The Trade Desk (NASDAQ:TTD – Free Report) by 28.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,450 shares of the technology company’s stock after selling 9,934 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Trade Desk were worth $1,832,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares in the last quarter. Bison Wealth LLC lifted its position in shares of Trade Desk by 24.3% during the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after purchasing an additional 485 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Trade Desk by 3,876.8% during the first quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company’s stock worth $5,033,000 after purchasing an additional 89,671 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Trade Desk by 33.9% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 3,881 shares of the technology company’s stock worth $212,000 after purchasing an additional 983 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Trade Desk by 110.9% during the first quarter. UMB Bank n.a. now owns 1,632 shares of the technology company’s stock worth $89,000 after purchasing an additional 858 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.
Trade Desk Price Performance
TTD stock opened at $53.49 on Wednesday. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The firm has a fifty day moving average price of $55.76 and a two-hundred day moving average price of $62.82. The firm has a market cap of $26.15 billion, a price-to-earnings ratio of 64.45, a PEG ratio of 2.84 and a beta of 1.38.
Insider Buying and Selling at Trade Desk
In related news, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the sale, the director owned 5,035 shares of the company’s stock, valued at $242,687. This trade represents a 21.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay R. Grant sold 51,290 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the sale, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. BMO Capital Markets reduced their target price on shares of Trade Desk from $115.00 to $98.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Morgan Stanley cut shares of Trade Desk from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $80.00 to $50.00 in a research report on Wednesday, September 10th. UBS Group dropped their price target on shares of Trade Desk from $105.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Wall Street Zen lowered shares of Trade Desk from a “hold” rating to a “sell” rating in a research note on Monday, September 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Trade Desk in a research note on Saturday, September 27th. Twenty-one analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.48.
Read Our Latest Stock Report on Trade Desk
Trade Desk Company 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.
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