The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,775 shares of the technology company’s stock after selling 560 shares during the quarter. Farther Finance Advisors LLC’s holdings in Trade Desk were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. OneDigital Investment Advisors LLC grew its position in Trade Desk by 7.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,737 shares of the technology company’s stock valued at $848,000 after acquiring an additional 513 shares in the last quarter. Empowered Funds LLC grew its position in Trade Desk by 6.9% in the 3rd quarter. Empowered Funds LLC now owns 14,738 shares of the technology company’s stock valued at $1,616,000 after acquiring an additional 953 shares in the last quarter. Quest Partners LLC acquired a new position in Trade Desk in the 3rd quarter valued at about $85,000. Pathstone Holdings LLC grew its position in Trade Desk by 14.1% in the 3rd quarter. Pathstone Holdings LLC now owns 18,284 shares of the technology company’s stock valued at $2,005,000 after acquiring an additional 2,263 shares in the last quarter. Finally, Caprock Group LLC grew its position in shares of Trade Desk by 1.0% during the third quarter. Caprock Group LLC now owns 12,883 shares of the technology company’s stock worth $1,413,000 after buying an additional 132 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

Trade Desk stock opened at $55.32 on Thursday. The Trade Desk, Inc. has a 12 month low of $53.39 and a 12 month high of $141.53. The business has a 50 day simple moving average of $93.70 and a 200-day simple moving average of $110.50. The stock has a market capitalization of $27.44 billion, a PE ratio of 70.92, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63.

Trade Desk (NASDAQ:TTD) last released its quarterly 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%. As a group, equities research analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its board has authorized a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently commented on TTD. Robert W. Baird lowered their price objective on Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Cantor Fitzgerald lowered their price objective on Trade Desk from $115.00 to $100.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Oppenheimer lowered their price objective on Trade Desk from $135.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $145.00 price objective on shares of Trade Desk in a research report on Thursday, March 13th. Finally, Wells Fargo & Company lowered their price objective on Trade Desk from $142.00 to $101.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.41.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,029 shares of company stock worth $5,004,296 over the last 90 days. 9.72% of the stock is currently owned by insiders.

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.