Integrated Advisors Network LLC Trims Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Integrated Advisors Network LLC cut its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,007 shares of the technology company’s stock after selling 1,498 shares during the quarter. Integrated Advisors Network LLC’s holdings in Trade Desk were worth $4,678,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Trade Desk in the 3rd quarter worth about $26,000. Level Financial Advisors Inc. grew its position in Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Jones Financial Companies Lllp grew its position in Trade Desk by 889.4% during the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after purchasing an additional 418 shares during the last quarter. Ancora Advisors LLC grew its position in Trade Desk by 56.5% during the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after purchasing an additional 175 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new stake in Trade Desk during the 4th quarter valued at about $42,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $85.42, for a total value of $6,406,500.00. Following the transaction, the chief executive officer now owns 1,117,629 shares in the company, valued at $95,467,869.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 368,607 shares of company stock worth $31,477,358 over the last three months. 10.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TTD has been the topic of several research analyst reports. Susquehanna restated a “positive” rating and set a $110.00 target price on shares of Trade Desk in a research note on Thursday, May 16th. Loop Capital upped their target price on shares of Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. DA Davidson increased their price objective on shares of Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Piper Sandler reiterated an “overweight” rating and issued a $110.00 price objective on shares of Trade Desk in a research note on Tuesday, June 11th. Finally, Stifel Nicolaus increased their price objective on shares of Trade Desk from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.01.

Trade Desk Stock Up 0.0 %

TTD traded up $0.04 during trading on Friday, reaching $95.66. The company had a trading volume of 2,012,934 shares, compared to its average volume of 2,990,852. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $98.18. The stock has a market cap of $46.79 billion, a P/E ratio of 239.15, a PEG ratio of 5.04 and a beta of 1.49. The business has a 50 day simple moving average of $89.36 and a 200-day simple moving average of $80.47.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The business had revenue of $491.25 million during the quarter, compared to the consensus estimate of $480.03 million. As a group, equities research analysts expect that The Trade Desk, Inc. will post 0.83 EPS for the current fiscal year.

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.