The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,450 shares of the technology company’s stock after selling 2,715 shares during the quarter. Trade Desk makes up about 1.3% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 23rd largest position. Sterling Investment Advisors Ltd.’s holdings in Trade Desk were worth $5,459,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC grew its holdings in shares of Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares during the period. Synergy Asset Management LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth $34,000. Midwest Capital Advisors LLC purchased a new position in shares of Trade Desk in the 4th quarter worth $34,000. Exchange Traded Concepts LLC purchased a new position in shares of Trade Desk in the 4th quarter worth $35,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Trade Desk in the 4th quarter worth $39,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of TTD opened at $74.20 on Tuesday. The company has a 50-day simple moving average of $114.10 and a 200-day simple moving average of $115.21. The firm has a market capitalization of $36.62 billion, a P/E ratio of 95.13, a P/E/G ratio of 3.11 and a beta of 1.45. The Trade Desk, Inc. has a 52 week low of $70.44 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. As a group, equities analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 12th that permits the company to buyback $564.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. New Street Research raised Trade Desk from a “sell” rating to a “neutral” rating and raised their price objective for the company from $85.00 to $115.00 in a research report on Monday, November 25th. Macquarie lifted their price target on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Robert W. Baird decreased their target price on Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price target on shares of Trade Desk in a report on Thursday, February 13th. Finally, Oppenheimer dropped their target price on Trade Desk from $135.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $119.45.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % 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 valued at $5,004,296 over the last quarter. 9.72% of the stock is owned by company insiders.

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.