The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 5.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 347,726 shares of the technology company’s stock after purchasing an additional 18,362 shares during the quarter. Sei Investments Co.’s holdings in Trade Desk were worth $40,870,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vestor Capital LLC purchased a new stake in shares of Trade Desk during the 4th quarter worth about $4,894,000. Virtu Financial LLC purchased a new stake in Trade Desk during the fourth quarter worth approximately $7,630,000. Quantbot Technologies LP acquired a new stake in shares of Trade Desk in the fourth quarter worth $8,770,000. TD Private Client Wealth LLC raised its stake in shares of Trade Desk by 1,073.8% in the 4th quarter. TD Private Client Wealth LLC now owns 2,465 shares of the technology company’s stock valued at $290,000 after acquiring an additional 2,255 shares during the period. Finally, Independent Solutions Wealth Management LLC lifted its holdings in shares of Trade Desk by 3.5% during the 4th quarter. Independent Solutions Wealth Management LLC now owns 66,600 shares of the technology company’s stock valued at $7,828,000 after acquiring an additional 2,242 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock valued at $5,004,296 over the last three months. Company insiders own 9.72% of the company’s stock.

Trade Desk Stock Up 5.4 %

Shares of NASDAQ:TTD opened at $59.34 on Tuesday. The company has a market cap of $29.44 billion, a PE ratio of 76.08, a P/E/G ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a fifty-two week low of $53.39 and a fifty-two week high of $141.53. The firm has a 50-day simple moving average of $89.97 and a 200 day simple moving average of $109.60.

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, research analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 12th that allows the company to buyback $564.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TTD shares. JMP Securities lowered their price target on Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a report on Thursday, February 13th. Evercore ISI downgraded Trade Desk from an “outperform” rating to an “inline” rating and dropped their target price for the company from $135.00 to $90.00 in a report on Thursday, February 13th. Stifel Nicolaus decreased their price target on Trade Desk from $144.00 to $122.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Wedbush lifted their price objective on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Finally, BMO Capital Markets lowered their price target on shares of Trade Desk from $160.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.41.

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.