Crestwood Advisors Group LLC lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 14.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,549 shares of the technology company’s stock after selling 5,514 shares during the period. Crestwood Advisors Group LLC’s holdings in The Trade Desk were worth $26,072,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. NuWave Investment Management LLC raised its holdings in shares of The Trade Desk by 73,300.0% in the 4th quarter. NuWave Investment Management LLC now owns 1,468 shares of the technology company’s stock worth $1,176,000 after acquiring an additional 1,466 shares during the last quarter. BlackRock Inc. increased its stake in The Trade Desk by 5.9% in the 4th quarter. BlackRock Inc. now owns 2,483,610 shares of the technology company’s stock valued at $1,989,372,000 after buying an additional 138,203 shares during the last quarter. CHURCHILL MANAGEMENT Corp increased its stake in The Trade Desk by 25.6% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 8,472 shares of the technology company’s stock valued at $6,786,000 after buying an additional 1,726 shares during the last quarter. Federated Hermes Inc. increased its stake in The Trade Desk by 273.6% in the 3rd quarter. Federated Hermes Inc. now owns 21,256 shares of the technology company’s stock valued at $11,027,000 after buying an additional 15,567 shares during the last quarter. Finally, Roman Butler Fullerton & Co. purchased a new stake in The Trade Desk in the 4th quarter valued at about $405,000. Institutional investors own 66.43% of the company’s stock.
In related news, CFO Blake Jeffrey Grayson sold 1,739 shares of The Trade Desk stock in a transaction on Friday, December 18th. The shares were sold at an average price of $949.95, for a total value of $1,651,963.05. Following the transaction, the chief financial officer now owns 21,514 shares in the company, valued at approximately $20,437,224.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO David Randall Pickles sold 1,648 shares of the business’s stock in a transaction dated Tuesday, January 19th. The shares were sold at an average price of $792.27, for a total transaction of $1,305,660.96. Following the completion of the transaction, the chief technology officer now owns 47,713 shares in the company, valued at approximately $37,801,578.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,592 shares of company stock worth $155,572,080. 12.04% of the stock is owned by corporate insiders.
Several equities research analysts have commented on TTD shares. Stifel Nicolaus increased their price objective on shares of The Trade Desk from $420.00 to $500.00 and gave the company a “hold” rating in a research note on Wednesday, November 4th. Macquarie raised their price target on shares of The Trade Desk from $775.00 to $900.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 2nd. Citigroup raised their price target on shares of The Trade Desk from $760.00 to $925.00 in a research note on Friday. Jefferies Financial Group raised their price target on shares of The Trade Desk from $800.00 to $880.00 and gave the stock a “hold” rating in a research note on Friday. They noted that the move was a valuation call. Finally, Rosenblatt Securities raised their price target on shares of The Trade Desk from $440.00 to $730.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 1st. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $741.90.
Shares of NASDAQ TTD traded down $70.05 during mid-day trading on Tuesday, reaching $775.17. 47,888 shares of the company were exchanged, compared to its average volume of 775,171. The Trade Desk, Inc. has a 52 week low of $136.00 and a 52 week high of $972.80. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $36.41 billion, a PE ratio of 289.46, a PEG ratio of 9.99 and a beta of 2.59. The company’s 50 day moving average price is $816.56 and its 200 day moving average price is $690.69.
The Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, February 17th. The technology company reported $3.71 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $1.83. The Trade Desk had a net margin of 19.31% and a return on equity of 19.65%. On average, sell-side analysts predict that The Trade Desk, Inc. will post 3.12 earnings per share for the current year.
The Trade Desk Profile
The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns in various advertising formats, including display, video, audio, native and social, and on various devices, such as computers, mobile devices, and connected TV.
Further Reading: Quantitative Easing
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