Stiles Financial Services Inc Trims Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Stiles Financial Services Inc decreased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 26.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,040 shares of the technology company’s stock after selling 2,200 shares during the quarter. Stiles Financial Services Inc’s holdings in Trade Desk were worth $662,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TTD. Allworth Financial LP raised its stake in shares of Trade Desk by 2.7% in the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after buying an additional 97 shares during the period. Apella Capital LLC raised its stake in Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after acquiring an additional 100 shares during the period. HM Payson & Co. lifted its holdings in Trade Desk by 1.0% during the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock valued at $1,083,000 after purchasing an additional 102 shares in the last quarter. Wealth Alliance boosted its position in shares of Trade Desk by 0.6% in the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock worth $1,810,000 after purchasing an additional 106 shares during the period. Finally, Parisi Gray Wealth Management increased its stake in shares of Trade Desk by 2.6% in the third quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock worth $486,000 after purchasing an additional 111 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Jeffrey Terry Green sold 135,922 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the transaction, the chief executive officer now owns 664,261 shares in the company, valued at approximately $68,897,150.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Andrea Lee Cunningham sold 1,606 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the transaction, the director now owns 3,516 shares of the company’s stock, valued at $351,846.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the sale, the chief executive officer now directly owns 664,261 shares in the company, valued at $68,897,150.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock valued at $170,121,565 over the last quarter. 9.72% of the stock is owned by corporate insiders.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $118.69 on Friday. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $132.65. The company has a market cap of $58.35 billion, a price-to-earnings ratio of 265.06, a PEG ratio of 6.00 and a beta of 1.47. The business’s 50 day moving average price is $112.41 and its 200-day moving average price is $100.68.

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

Analyst Ratings Changes

A number of research firms recently weighed in on TTD. Wedbush restated an “outperform” rating and set a $115.00 target price (up previously from $110.00) on shares of Trade Desk in a research note on Thursday, September 12th. Needham & Company LLC boosted their price objective on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Loop Capital upped their price objective on Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Evercore ISI raised Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. Finally, Citigroup boosted their price target on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $117.08.

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.