462,307 The Trade Desk $TTD Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors cut its Trade Desk stake by 59.8%, selling 462,307 shares in the third quarter and retaining 310,349 shares valued at approximately $3.8 million.
• Trade Desk shares opened at $13.00, near the lower end of their 52-week range of $11.62 to $55.11. The company’s latest quarterly results missed analyst expectations, with revenue of $715.1 million and EPS of $0.34.
• Analyst sentiment is cautious: MarketBeat reports an average rating of “Reduce” and an average price target of $18.16, while several firms recently lowered their targets or downgraded the stock.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 59.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 310,349 shares of the technology company's stock after selling 462,307 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.07% of Trade Desk worth $3,777,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TTD. Tema ETFs LLC raised its position in shares of Trade Desk by 9.5% during the second quarter. Tema ETFs LLC now owns 8,360 shares of the technology company's stock valued at $151,000 after buying an additional 725 shares during the last quarter. Root Financial Partners LLC increased its stake in Trade Desk by 219.4% during the first quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company's stock valued at $30,000 after acquiring an additional 906 shares during the period. Sunbelt Securities Inc. increased its stake in Trade Desk by 4.1% during the first quarter. Sunbelt Securities Inc. now owns 24,976 shares of the technology company's stock valued at $567,000 after acquiring an additional 983 shares during the period. EverSource Wealth Advisors LLC increased its stake in Trade Desk by 159.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,031 shares of the technology company's stock valued at $46,000 after acquiring an additional 1,247 shares during the period. Finally, New Mexico Educational Retirement Board increased its stake in Trade Desk by 6.3% during the second quarter. New Mexico Educational Retirement Board now owns 21,900 shares of the technology company's stock valued at $396,000 after acquiring an additional 1,300 shares during the period. Institutional investors own 67.77% of the company's stock.

Trade Desk Stock Performance

TTD stock opened at $13.00 on Monday. The Trade Desk has a 1-year low of $11.62 and a 1-year high of $55.11. The firm has a market cap of $6.11 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.41 and a beta of 1.00. The business's 50 day moving average is $13.19 and its 200-day moving average is $17.54.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.06). The company had revenue of $715.06 million during the quarter, compared to analyst estimates of $752.41 million. Trade Desk had a return on equity of 16.09% and a net margin of 13.61%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. Sell-side analysts forecast that The Trade Desk will post 0.52 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on TTD shares. Needham & Company LLC cut their price target on Trade Desk from $25.00 to $19.00 and set a "buy" rating for the company in a report on Friday, August 7th. Benchmark reissued a "buy" rating and set a $20.00 price objective (down from $30.00) on shares of Trade Desk in a report on Monday, August 3rd. KeyCorp restated a "sector weight" rating on shares of Trade Desk in a research report on Tuesday, September 8th. Zacks Research upgraded Trade Desk from a "strong sell" rating to a "hold" rating in a research report on Friday, October 9th. Finally, BMO Capital Markets lowered Trade Desk from an "outperform" rating to a "market perform" rating and set a $15.00 target price for the company. in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have issued a Sell rating to the company. According to MarketBeat, Trade Desk currently has an average rating of "Reduce" and an average target price of $18.16.

Trade Desk Company Profile

The Trade Desk, Inc is a technology company that provides a cloud-based platform for digital advertising. Its demand-side platform enables advertisers and advertising agencies to plan, purchase, optimize and measure programmatic campaigns across channels including connected television, display, mobile, audio, native advertising and digital out-of-home media.

The company's platform is designed to help clients use data and automated bidding to reach audiences across websites, applications, streaming services and other digital properties.

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