Plato Investment Management Ltd Reduces Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Plato Investment Management Ltd reduced its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,443 shares of the technology company’s stock after selling 3,027 shares during the period. Plato Investment Management Ltd’s holdings in Trade Desk were worth $2,058,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in Trade Desk during the 4th quarter valued at about $914,000. Jones Financial Companies Lllp increased its stake in Trade Desk by 32.1% during the 4th quarter. Jones Financial Companies Lllp now owns 34,800 shares of the technology company’s stock valued at $4,090,000 after purchasing an additional 8,455 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Trade Desk by 92.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,305 shares of the technology company’s stock valued at $271,000 after purchasing an additional 1,109 shares in the last quarter. Bailard Inc. bought a new stake in Trade Desk during the 4th quarter valued at about $1,700,000. Finally, Norden Group LLC increased its stake in Trade Desk by 16.7% during the 4th quarter. Norden Group LLC now owns 2,398 shares of the technology company’s stock valued at $282,000 after purchasing an additional 343 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TTD has been the subject of a number of analyst reports. Citizens Jmp upgraded shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $85.00 to $115.00 in a research note on Monday, November 25th. Benchmark reiterated a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a research note on Friday, November 8th. Evercore ISI lowered shares of Trade Desk from an “outperform” rating to an “inline” rating and reduced their price target for the stock from $135.00 to $90.00 in a research note on Thursday, February 13th. Finally, StockNews.com lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.45.

Trade Desk Stock Performance

TTD stock opened at $67.17 on Tuesday. The Trade Desk, Inc. has a one year low of $66.82 and a one year high of $141.53. The company’s fifty day moving average price is $109.60 and its 200-day moving average price is $114.47. The company has a market capitalization of $33.32 billion, a PE ratio of 86.12, a price-to-earnings-growth ratio of 3.11 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last released its earnings results 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 return on equity of 16.38% and a net margin of 16.08%. On average, research analysts predict that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

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

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.