Asset Dedication LLC Sells 111 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Asset Dedication LLC cut its position in The Trade Desk, Inc. (NASDAQ:TTD) by 7.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,459 shares of the technology company’s stock after selling 111 shares during the period. Asset Dedication LLC’s holdings in Trade Desk were worth $171,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC boosted its position in Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after purchasing an additional 117 shares during the period. Exchange Traded Concepts LLC acquired a new position in Trade Desk in the 4th quarter valued at about $35,000. Avior Wealth Management LLC raised its holdings in Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares during the period. Quarry LP bought a new stake in shares of Trade Desk during the second quarter worth approximately $41,000. Finally, Brown Lisle Cummings Inc. grew its position in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

TTD opened at $122.59 on Thursday. The Trade Desk, Inc. has a fifty-two week low of $66.56 and a fifty-two week high of $141.53. The company’s 50 day moving average price is $125.87 and its two-hundred day moving average price is $114.01. The firm has a market capitalization of $60.51 billion, a price-to-earnings ratio of 200.97, a PEG ratio of 3.82 and a beta of 1.45.

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

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of the firm’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 completion of the sale, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 549,684 shares of company stock valued at $68,444,576. 9.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on TTD. Robert W. Baird boosted their price target on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Benchmark restated a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a research note on Friday, November 8th. Wells Fargo & Company boosted their price objective on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a report on Monday, January 13th. StockNews.com lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Finally, UBS Group lifted their price target on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

Trade Desk Company 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.