Robeco Institutional Asset Management B.V. Decreases Stock Position in The Trade Desk (NASDAQ:TTD)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 70.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,384 shares of the technology company's stock after selling 86,225 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Trade Desk were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Trade Desk by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company's stock worth $5,015,035,000 after buying an additional 253,137 shares during the period. Invesco Ltd. lifted its position in shares of Trade Desk by 2.6% in the fourth quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company's stock valued at $930,477,000 after acquiring an additional 198,822 shares in the last quarter. Norges Bank bought a new position in shares of Trade Desk in the fourth quarter worth about $524,187,000. FMR LLC grew its position in shares of Trade Desk by 44.8% during the fourth quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock worth $445,237,000 after purchasing an additional 1,172,082 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Trade Desk by 13.2% during the 4th quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock valued at $422,150,000 after purchasing an additional 418,911 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Trading Up 1.6%

Shares of Trade Desk stock traded up $1.17 on Thursday, hitting $74.75. 1,022,998 shares of the company traded hands, compared to its average volume of 6,338,146. The company has a market cap of $36.73 billion, a PE ratio of 90.96, a PEG ratio of 3.37 and a beta of 1.36. The stock's 50 day moving average price is $69.02 and its 200-day moving average price is $81.16. The Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The business had revenue of $616.02 million during the quarter, compared to analyst estimates of $575.62 million. During the same period in the previous year, the company posted $0.26 EPS. Trade Desk's revenue was up 25.4% on a year-over-year basis. As a group, research analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 26,684 shares of the company's stock in a transaction dated 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 directly owned 17,018 shares of the company's stock, valued at $1,361,950.54. This represents a 61.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the transaction, the director directly owned 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.74% of the company's stock.

Analyst Ratings Changes

TTD has been the subject of several recent analyst reports. Guggenheim dropped their price target on Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Stifel Nicolaus cut their price target on Trade Desk from $122.00 to $87.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Citigroup upped their price objective on Trade Desk from $82.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday. Morgan Stanley lifted their price objective on shares of Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Wedbush restated an "outperform" rating and set a $86.00 target price (up from $80.00) on shares of Trade Desk in a research report on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $97.27.

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.