L & S Advisors Inc Has $855,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

L & S Advisors Inc lessened its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 11.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,277 shares of the technology company’s stock after selling 933 shares during the period. L & S Advisors Inc’s holdings in Trade Desk were worth $855,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TTD. Rialto Wealth Management LLC bought a new position in Trade Desk during the 4th quarter worth approximately $26,000. Harbor Investment Advisory LLC boosted its position in shares of 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 in the last quarter. Synergy Asset Management LLC acquired a new position in shares of Trade Desk in the 4th quarter valued at $34,000. Midwest Capital Advisors LLC bought a new stake in shares of Trade Desk in the 4th quarter valued at $34,000. Finally, Zions Bancorporation N.A. raised its stake in Trade Desk by 148.3% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock worth $34,000 after buying an additional 175 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $55.85 on Friday. The firm has a 50-day moving average of $85.01 and a 200-day moving average of $108.37. The Trade Desk, Inc. has a 52-week low of $53.39 and a 52-week high of $141.53. The stock has a market cap of $27.71 billion, a PE ratio of 71.60, a PEG ratio of 3.11 and a beta of 1.63.

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

Trade Desk declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Trade Desk news, 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 transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. 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 90 days. Company insiders own 9.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wedbush raised their price target on Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Citigroup cut their price target on shares of Trade Desk from $140.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Scotiabank dropped their price objective on shares of Trade Desk from $133.00 to $83.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. KeyCorp lowered their target price on Trade Desk from $130.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Finally, Wells Fargo & Company dropped their price target on Trade Desk from $142.00 to $101.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average price target of $116.41.

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.