Level Four Advisory Services LLC Lowers Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Level Four Advisory Services LLC lowered its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,284 shares of the technology company’s stock after selling 591 shares during the period. Level Four Advisory Services LLC’s holdings in Trade Desk were worth $974,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rialto Wealth Management LLC bought a new stake in shares of Trade Desk during the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC raised its stake in Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in Trade Desk during the fourth quarter valued at approximately $34,000. Zions Bancorporation N.A. grew its stake in Trade Desk by 148.3% in 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 in the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in shares of Trade Desk in the 4th quarter worth $35,000. Institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTD. Susquehanna cut their target price on shares of Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus cut their price objective on Trade Desk from $144.00 to $122.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Truist Financial decreased their price objective on Trade Desk from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. JMP Securities cut their target price on Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. Finally, Wells Fargo & Company decreased their price target on shares of 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 research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and an average target price of $116.41.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $55.85 on Monday. The Trade Desk, Inc. has a 52-week low of $53.39 and a 52-week high of $141.53. The firm has a market capitalization of $27.71 billion, a P/E ratio of 71.60, a P/E/G ratio of 3.11 and a beta of 1.63. The stock has a 50 day moving average price of $85.01 and a 200-day moving average price of $108.42.

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 the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. On average, equities analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has approved a share buyback plan on Wednesday, February 12th that permits the company to buyback $564.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares of the company’s stock, valued at $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the 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 sale, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by insiders.

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.