The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Aviance Capital Partners LLC

Aviance Capital Partners LLC trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 11.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the technology company’s stock after selling 2,000 shares during the period. Aviance Capital Partners LLC’s holdings in Trade Desk were worth $1,079,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. 9258 Wealth Management LLC increased its holdings in Trade Desk by 2.2% in the third quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock valued at $476,000 after buying an additional 131 shares in the last quarter. Latitude Advisors LLC raised its holdings in Trade Desk by 5.0% during the third quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock worth $220,000 after purchasing an additional 133 shares during the last quarter. Level Financial Advisors Inc. boosted its position in Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after purchasing an additional 150 shares in the last quarter. Mutual Advisors LLC grew its holdings in Trade Desk by 3.6% in the fourth quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock valued at $324,000 after purchasing an additional 156 shares during the last quarter. Finally, Choreo LLC increased its position in shares of Trade Desk by 2.2% in the fourth quarter. Choreo LLC now owns 7,491 shares of the technology company’s stock valued at $539,000 after buying an additional 158 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TTD shares. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Trade Desk in a report on Thursday, March 21st. BMO Capital Markets increased their target price on Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Benchmark boosted their price target on Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a report on Friday, February 16th. KeyCorp increased their price objective on Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Finally, Seaport Res Ptn reissued a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and an average price target of $90.38.

Trade Desk Stock Down 1.9 %

Shares of Trade Desk stock traded down $1.72 during trading hours on Tuesday, hitting $89.64. The company’s stock had a trading volume of 4,946,513 shares, compared to its average volume of 4,428,289. The business has a fifty day moving average of $83.87 and a 200 day moving average of $75.91. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $94.00. The company has a market capitalization of $43.83 billion, a PE ratio of 253.78, a P/E/G ratio of 4.88 and a beta of 1.50.

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

Insider Activity at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 15,006 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the transaction, the insider now owns 52,387 shares in the company, valued at approximately $4,377,981.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the sale, the insider now owns 139,794 shares in the company, valued at approximately $12,515,756.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Samantha Jacobson sold 15,006 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the completion of the sale, the insider now directly owns 52,387 shares in the company, valued at $4,377,981.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 642,170 shares of company stock worth $53,970,398. 10.18% of the stock is currently owned by company 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.