The Trade Desk, Inc. (NASDAQ:TTD) is Forte Capital LLC ADV’s 7th Largest Position

Forte Capital LLC ADV decreased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 8.5% in the third quarter, HoldingsChannel reports. The fund owned 220,322 shares of the technology company’s stock after selling 20,518 shares during the quarter. Trade Desk makes up 2.7% of Forte Capital LLC ADV’s portfolio, making the stock its 7th largest position. Forte Capital LLC ADV’s holdings in Trade Desk were worth $24,158,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Concurrent Investment Advisors LLC increased its stake in Trade Desk by 4.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 9,222 shares of the technology company’s stock valued at $1,011,000 after purchasing an additional 434 shares in the last quarter. Focused Wealth Management Inc increased its stake in Trade Desk by 4.1% during the 3rd quarter. Focused Wealth Management Inc now owns 4,815 shares of the technology company’s stock valued at $528,000 after purchasing an additional 190 shares in the last quarter. Heritage Investors Management Corp increased its stake in Trade Desk by 3.9% during the 3rd quarter. Heritage Investors Management Corp now owns 5,092 shares of the technology company’s stock valued at $558,000 after purchasing an additional 192 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in Trade Desk by 4,154.1% during the 3rd quarter. Pittenger & Anderson Inc. now owns 7,870 shares of the technology company’s stock valued at $863,000 after purchasing an additional 7,685 shares in the last quarter. Finally, James J. Burns & Company LLC acquired a new stake in Trade Desk during the third quarter valued at $219,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TTD. Needham & Company LLC raised their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. BTIG Research raised their price target on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a research note on Monday, October 7th. Benchmark raised their price target on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a research note on Friday, August 9th. Finally, Bank of America started coverage on shares of Trade Desk in a research report on Wednesday, September 4th. They set a “buy” rating and a $135.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.60.

Trade Desk Trading Up 4.1 %

Shares of TTD opened at $124.81 on Thursday. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $124.98. The stock’s 50-day moving average price is $111.83 and its two-hundred day moving average price is $100.45. The stock has a market cap of $61.35 billion, a P/E ratio of 249.62, a price-to-earnings-growth ratio of 5.69 and a beta of 1.47.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The business had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS. As a group, equities analysts forecast that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at $68,897,150.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares of the company’s stock, valued at $68,897,150.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.33, for a total value of $310,902.90. Following the completion of the sale, the chief financial officer now owns 693,953 shares in the company, valued at $68,930,351.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,557,897 shares of company stock valued at $170,121,565 in the last three months. Corporate insiders own 9.72% of the company’s stock.

About Trade Desk

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.