The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 23.7% in the fourth quarter, Holdings Channel reports. The fund owned 74,486 shares of the technology company’s stock after purchasing an additional 14,253 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Trade Desk were worth $8,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Ithaka Group LLC lifted its holdings in shares of Trade Desk by 4.5% in the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after buying an additional 4,836 shares during the period. Lyell Wealth Management LP lifted its holdings in shares of Trade Desk by 24.3% in the 4th quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company’s stock valued at $11,558,000 after buying an additional 19,204 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Trade Desk by 36.2% in the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after buying an additional 358,350 shares during the period. Assetmark Inc. lifted its holdings in shares of Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after buying an additional 70,687 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after buying an additional 4,500 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTD has been the subject of several research reports. Evercore ISI cut Trade Desk from an “outperform” rating to an “inline” rating and reduced their price objective for the stock from $135.00 to $90.00 in a report on Thursday, February 13th. StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. Stifel Nicolaus reduced 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. KeyCorp raised their price target on Trade Desk from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Piper Sandler reissued an “overweight” rating and set a $110.00 price target (down previously from $140.00) on shares of Trade Desk in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and an average price target of $119.45.

Trade Desk Stock Down 1.6 %

Shares of Trade Desk stock opened at $66.54 on Thursday. The firm has a market cap of $33.01 billion, a P/E ratio of 85.31, a P/E/G ratio of 3.11 and a beta of 1.45. The Trade Desk, Inc. has a fifty-two week low of $64.56 and a fifty-two week high of $141.53. The business has a 50-day moving average price of $107.39 and a 200 day moving average price of $114.00.

Trade Desk (NASDAQ:TTD) last posted 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 net margin of 16.08% and a return on equity of 16.38%. As a group, equities research analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

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

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction that occurred on 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 directly owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,029 shares of company stock valued at $5,004,296 in the last three months. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk 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.