Golden State Equity Partners Sells 249 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Golden State Equity Partners lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 3.0% during the fourth quarter, Holdings Channel reports. The fund owned 8,072 shares of the technology company’s stock after selling 249 shares during the period. Golden State Equity Partners’ holdings in Trade Desk were worth $581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Jennison Associates LLC increased its position in Trade Desk by 91.7% during the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock worth $1,049,619,000 after buying an additional 6,978,352 shares during the period. Invesco Ltd. increased its position in Trade Desk by 9.6% during the 3rd quarter. Invesco Ltd. now owns 5,899,407 shares of the technology company’s stock worth $461,039,000 after buying an additional 517,842 shares during the period. Northern Trust Corp increased its position in Trade Desk by 3.6% during the 3rd quarter. Northern Trust Corp now owns 2,861,069 shares of the technology company’s stock worth $223,593,000 after buying an additional 98,286 shares during the period. Bank of New York Mellon Corp increased its position in Trade Desk by 9.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,203,957 shares of the technology company’s stock worth $172,239,000 after buying an additional 182,918 shares during the period. Finally, ARK Investment Management LLC grew its holdings in shares of Trade Desk by 1,162.0% during the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock worth $154,689,000 after purchasing an additional 1,979,319 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the topic of several analyst reports. Susquehanna increased their target price on Trade Desk from $75.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, February 16th. Oppenheimer increased their target price on Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. KeyCorp increased their target price on Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. BMO Capital Markets increased their target price on Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, Benchmark increased their target price on Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $89.75.

Trade Desk Stock Performance

Shares of TTD traded up $1.39 during mid-day trading on Friday, reaching $84.73. 2,944,850 shares of the company were exchanged, compared to its average volume of 2,656,220. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $94.00. The stock has a market capitalization of $41.43 billion, a PE ratio of 235.37, a PEG ratio of 4.59 and a beta of 1.50. The business has a 50 day simple moving average of $83.47 and a two-hundred day simple moving average of $75.73.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The company had revenue of $605.80 million for the quarter, compared to the consensus estimate of $582.61 million. On average, analysts predict that The Trade Desk, Inc. will post 0.79 EPS for the current year.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,551,987 shares in the company, valued at $126,905,976.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the transaction, the chief executive officer now owns 1,551,987 shares of the company’s stock, valued at $126,905,976.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Samantha Jacobson sold 15,006 shares of Trade Desk stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the transaction, the insider now directly owns 52,387 shares in the company, valued at approximately $4,377,981.59. The disclosure for this sale can be found here. Insiders sold 492,170 shares of company stock worth $41,250,398 over the last ninety days. 10.18% of the stock is owned by 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.