Russell Investments Group Ltd. Sells 24,597 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Russell Investments Group Ltd. reduced its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 17.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,770 shares of the technology company’s stock after selling 24,597 shares during the period. Russell Investments Group Ltd.’s holdings in Trade Desk were worth $8,179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust increased its position in Trade Desk by 4,140.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 424 shares of the technology company’s stock worth $29,000 after buying an additional 414 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of Trade Desk by 900.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 400 shares of the technology company’s stock worth $30,000 after purchasing an additional 360 shares in the last quarter. Covington Capital Management grew its holdings in shares of Trade Desk by 900.0% during the 2nd quarter. Covington Capital Management now owns 400 shares of the technology company’s stock worth $31,000 after purchasing an additional 360 shares in the last quarter. TCI Wealth Advisors Inc. grew its holdings in shares of Trade Desk by 53.0% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 459 shares of the technology company’s stock worth $32,000 after purchasing an additional 159 shares in the last quarter. Finally, Activest Wealth Management grew its holdings in shares of Trade Desk by 71.8% during the 3rd quarter. Activest Wealth Management now owns 476 shares of the technology company’s stock worth $33,000 after purchasing an additional 199 shares in the last quarter. 59.77% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on TTD. Vertical Research lowered Trade Desk from a “buy” rating to a “neutral” rating in a report on Monday, October 4th. Oppenheimer lifted their price objective on Trade Desk from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 8th. Citigroup lifted their price objective on Trade Desk from $85.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, November 19th. Royal Bank of Canada lifted their price objective on Trade Desk from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, November 9th. Finally, DA Davidson boosted their price target on Trade Desk from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, November 9th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $98.75.

TTD stock opened at $75.47 on Friday. The company has a market cap of $36.27 billion, a P/E ratio of 132.41, a PEG ratio of 16.88 and a beta of 2.28. The Trade Desk, Inc. has a twelve month low of $46.71 and a twelve month high of $114.09. The business has a fifty day moving average of $93.75 and a 200-day moving average of $82.49.

Trade Desk (NASDAQ:TTD) last released its earnings results on Sunday, November 7th. The technology company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The company had revenue of $301.10 million during the quarter, compared to the consensus estimate of $283.93 million. Trade Desk had a return on equity of 24.03% and a net margin of 25.13%. The firm’s quarterly revenue was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, analysts predict that The Trade Desk, Inc. will post 0.33 EPS for the current year.

In related news, CFO Blake Jeffrey Grayson sold 9,000 shares of the company’s stock in a transaction dated Thursday, December 16th. The stock was sold at an average price of $91.40, for a total value of $822,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathryn E. Falberg sold 150,000 shares of the company’s stock in a transaction dated Friday, November 19th. The shares were sold at an average price of $108.59, for a total value of $16,288,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 296,780 shares of company stock valued at $31,831,928. 10.72% of the stock is currently owned by corporate insiders.

Trade Desk Profile

The Trade Desk, Inc offers a technology platform for advertising buyers. It operates through United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces.

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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