The Trade Desk, Inc. (NASDAQ:TTD) Stock Holdings Decreased by Arthedge Capital Management LLC

Arthedge Capital Management LLC decreased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 24.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,300 shares of the technology company's stock after selling 48,900 shares during the period. Trade Desk comprises 10.5% of Arthedge Capital Management LLC's holdings, making the stock its 6th largest holding. Arthedge Capital Management LLC's holdings in Trade Desk were worth $17,782,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TTD. Rialto Wealth Management LLC bought a new position in Trade Desk during the 4th quarter worth $26,000. Harbor Investment Advisory LLC raised its position in shares of Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock worth $34,000 after acquiring an additional 117 shares during the last quarter. Synergy Asset Management LLC bought a new stake in Trade Desk in the fourth quarter valued at approximately $34,000. Midwest Capital Advisors LLC acquired a new stake in Trade Desk during the 4th quarter valued at approximately $34,000. Finally, Zions Bancorporation N.A. lifted its position in shares of Trade Desk by 148.3% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock worth $34,000 after purchasing an additional 175 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Performance

NASDAQ TTD traded up $0.13 during trading hours on Tuesday, hitting $55.63. The company had a trading volume of 9,539,667 shares, compared to its average volume of 5,500,582. The firm has a 50 day simple moving average of $54.97 and a 200 day simple moving average of $96.31. The firm has a market capitalization of $27.60 billion, a price-to-earnings ratio of 71.32, a PEG ratio of 3.11 and a beta of 1.29. The Trade Desk, Inc. has a 52 week low of $42.96 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. On average, research analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk declared that its board has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

TTD has been the topic of several recent analyst reports. Truist Financial dropped their target price on shares of Trade Desk from $130.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Stifel Nicolaus cut their target price on Trade Desk from $122.00 to $87.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Citigroup dropped their price target on Trade Desk from $70.00 to $63.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Loop Capital reduced their price target on shares of Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, Robert W. Baird reduced their target price on Trade Desk from $160.00 to $145.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $100.84.

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.