Entropy Technologies LP Lowers Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Entropy Technologies LP trimmed its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 60.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,044 shares of the technology company’s stock after selling 18,456 shares during the period. Entropy Technologies LP’s holdings in Trade Desk were worth $1,321,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in TTD. 1832 Asset Management L.P. purchased a new stake in Trade Desk in the first quarter valued at $225,710,000. International Assets Investment Management LLC boosted its holdings in Trade Desk by 10,856.6% in the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after purchasing an additional 1,558,465 shares during the last quarter. Marshall Wace LLP raised its position in shares of Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after acquiring an additional 872,555 shares during the period. Acadian Asset Management LLC raised its position in shares of Trade Desk by 3,973.6% in the second quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock worth $43,836,000 after acquiring an additional 437,967 shares during the period. Finally, Steadfast Capital Management LP raised its position in shares of Trade Desk by 78.3% in the first quarter. Steadfast Capital Management LP now owns 983,000 shares of the technology company’s stock worth $85,934,000 after acquiring an additional 431,600 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Price Performance

Trade Desk stock opened at $127.25 on Thursday. The firm has a 50 day simple moving average of $114.45 and a 200-day simple moving average of $102.09. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65. The stock has a market cap of $62.55 billion, a price-to-earnings ratio of 208.61, a price-to-earnings-growth ratio of 6.25 and a beta of 1.47.

Analyst Ratings Changes

TTD has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada upped their price objective on shares of Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Macquarie upped their price objective on shares of Trade Desk from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Loop Capital upped their price target on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Citigroup upped their price target on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $122.65.

Insider Buying and Selling

In related news, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the transaction, the insider now owns 99,374 shares of the company’s stock, valued at approximately $9,887,713. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Jeffrey Terry Green sold 283,429 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the transaction, the chief executive officer now owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the transaction, the insider now directly owns 99,374 shares of the company’s stock, valued at $9,887,713. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,556,291 shares of company stock valued at $169,960,852. Company 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.