Shell Asset Management Co. Has $449,000 Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Shell Asset Management Co. lessened its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 38.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,133 shares of the technology company’s stock after selling 3,259 shares during the period. Shell Asset Management Co.’s holdings in Trade Desk were worth $449,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TTD. Csenge Advisory Group grew its position in shares of Trade Desk by 1.8% during the 1st quarter. Csenge Advisory Group now owns 7,869 shares of the technology company’s stock worth $688,000 after buying an additional 141 shares during the period. Level Financial Advisors Inc. grew its holdings in Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after purchasing an additional 150 shares during the period. Sheaff Brock Investment Advisors LLC increased its stake in Trade Desk by 1.6% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 9,292 shares of the technology company’s stock valued at $669,000 after purchasing an additional 150 shares in the last quarter. Fiduciary Trust Co raised its holdings in shares of Trade Desk by 1.1% during the fourth quarter. Fiduciary Trust Co now owns 13,800 shares of the technology company’s stock valued at $993,000 after purchasing an additional 150 shares during the period. Finally, Cherry Creek Investment Advisors Inc. boosted its position in shares of Trade Desk by 0.7% during the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 23,577 shares of the technology company’s stock worth $2,061,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the sale, the insider now owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the sale, the chief executive officer now directly owns 824,022 shares in the company, valued at $69,605,138.34. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jay R. Grant sold 141,434 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 288,909 shares of company stock valued at $27,162,851. Company insiders own 10.18% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $92.43 on Friday. The stock has a market capitalization of $45.21 billion, a PE ratio of 231.08, a P/E/G ratio of 4.65 and a beta of 1.48. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $102.67. The business’s fifty day moving average price is $96.67 and its 200-day moving average price is $85.63.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $491.25 million for the quarter, compared to the consensus estimate of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. As a group, equities analysts expect that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $110.00 price target on shares of Trade Desk in a research note on Tuesday, June 11th. Oppenheimer increased their target price on Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Truist Financial restated a “buy” rating and set a $105.00 price target on shares of Trade Desk in a research note on Thursday, May 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $108.00 price objective (up from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. Finally, Loop Capital boosted their target price on shares of Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.38.

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.