GTS Securities LLC Decreases Stake in The Trade Desk, Inc. (NASDAQ:TTD)

GTS Securities LLC decreased its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 96.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,348 shares of the technology company's stock after selling 63,852 shares during the period. GTS Securities LLC's holdings in Trade Desk were worth $276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after buying an additional 169 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Trade Desk during the 4th quarter worth approximately $35,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Trade Desk during the 4th quarter worth about $757,000. Blue Trust Inc. grew its position in Trade Desk by 8.9% in the 4th quarter. Blue Trust Inc. now owns 6,720 shares of the technology company's stock valued at $737,000 after acquiring an additional 551 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Trade Desk by 4.2% in the fourth quarter. Pacer Advisors Inc. now owns 23,326 shares of the technology company's stock worth $2,742,000 after purchasing an additional 937 shares during the period. Institutional investors own 67.77% of the company's stock.

Trade Desk Stock Down 1.2%

Shares of TTD traded down $0.92 during midday trading on Friday, hitting $73.96. The company's stock had a trading volume of 6,878,665 shares, compared to its average volume of 6,049,403. The Trade Desk, Inc. has a one year low of $42.96 and a one year high of $141.53. The company's fifty day simple moving average is $59.81 and its two-hundred day simple moving average is $90.25. The stock has a market capitalization of $36.69 billion, a price-to-earnings ratio of 94.82, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The firm had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. During the same period in the previous year, the business earned $0.26 EPS. The business's quarterly revenue was up 25.4% compared to the same quarter last year. On average, research analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $564.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Benchmark raised Trade Desk from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Loop Capital dropped their price objective on shares of Trade Desk from $145.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Susquehanna reduced their target price on shares of Trade Desk from $150.00 to $135.00 and set a "positive" rating for the company in a report on Thursday, February 13th. Citigroup boosted their target price on shares of Trade Desk from $63.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Cfra Research raised shares of Trade Desk to a "moderate buy" rating in a report on Tuesday, March 25th. Seven equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $97.12.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $80.03, for a total value of $2,135,520.52. Following the completion of the sale, the chief executive officer now owns 17,018 shares of the company's stock, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the completion of the sale, the director now directly owns 66,985 shares of the company's stock, valued at approximately $5,350,761.80. This trade represents a 29.95% decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is 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.