Entropy Technologies LP Grows Position in The Trade Desk, Inc. (NASDAQ:TTD)

Entropy Technologies LP grew its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 31.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,803 shares of the technology company’s stock after buying an additional 3,759 shares during the period. Entropy Technologies LP’s holdings in Trade Desk were worth $1,857,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ithaka Group LLC lifted its position in Trade Desk by 4.5% during the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after acquiring an additional 4,836 shares during the period. Venture Visionary Partners LLC raised its stake in shares of Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after purchasing an additional 4,296 shares during the last quarter. Nordea Investment Management AB lifted its stake in Trade Desk by 36.2% during the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after acquiring an additional 358,350 shares during the period. Assetmark Inc. boosted its holdings in shares of Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after acquiring an additional 70,687 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Trade Desk by 0.3% in the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after acquiring an additional 4,500 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Up 2.3 %

TTD stock opened at $117.29 on Monday. The firm has a 50-day moving average of $124.17 and a two-hundred day moving average of $115.07. The Trade Desk, Inc. has a 12 month low of $68.65 and a 12 month high of $141.53. The company has a market cap of $57.89 billion, a price-to-earnings ratio of 192.28, a PEG ratio of 3.63 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The company had revenue of $628.02 million for the quarter, compared to analysts’ expectations of $619.89 million. During the same quarter in the previous year, the business posted $0.08 EPS. As a group, equities analysts forecast that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TTD shares. Robert W. Baird upped their price target on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Scotiabank initiated coverage on Trade Desk in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 target price on the stock. Evercore ISI lifted their price target on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. DA Davidson upped their price objective on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada lifted their target price on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $133.13.

Insider Transactions at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock worth $5,004,296 in the last quarter. 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.