Teachers Retirement System of The State of Kentucky Has $12.71 Million Stock Holdings in The Trade Desk (NASDAQ:TTD)

Teachers Retirement System of The State of Kentucky trimmed its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 36.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 232,212 shares of the technology company's stock after selling 130,500 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Trade Desk were worth $12,706,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC lifted its position in shares of Trade Desk by 17.2% in the fourth quarter. Anchor Investment Management LLC now owns 1,020 shares of the technology company's stock valued at $120,000 after buying an additional 150 shares during the last quarter. Brighton Jones LLC lifted its holdings in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after purchasing an additional 169 shares during the last quarter. Zions Bancorporation N.A. boosted its position in Trade Desk by 148.3% during the fourth 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. Interchange Capital Partners LLC increased its holdings in shares of Trade Desk by 4.4% in the fourth quarter. Interchange Capital Partners LLC now owns 4,202 shares of the technology company's stock valued at $494,000 after purchasing an additional 179 shares during the last quarter. Finally, Huntington National Bank raised its position in shares of Trade Desk by 11.2% in the fourth quarter. Huntington National Bank now owns 1,923 shares of the technology company's stock valued at $226,000 after purchasing an additional 194 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Stock Down 1.5%

Shares of TTD stock opened at $80.21 on Monday. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The stock's fifty day simple moving average is $73.96 and its 200 day simple moving average is $76.62. The firm has a market capitalization of $39.42 billion, a P/E ratio of 97.82, a P/E/G ratio of 3.67 and a beta of 1.36.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TTD shares. Piper Sandler upped their price target on shares of Trade Desk from $55.00 to $65.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Jefferies Financial Group set a $125.00 target price on Trade Desk and gave the company a "buy" rating in a research report on Tuesday, April 29th. Wells Fargo & Company lowered Trade Desk from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $74.00 to $68.00 in a research note on Thursday, June 26th. Wedbush restated an "outperform" rating and issued a $86.00 price target on shares of Trade Desk in a research note on Tuesday, July 15th. Finally, Citigroup reaffirmed a "buy" rating on shares of Trade Desk in a report on Tuesday, July 15th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $98.48.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the transaction, the chief executive officer directly owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Wells sold 28,638 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the sale, the director owned 66,985 shares in the company, valued at $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 currently owned by company insiders.

Trade Desk Company 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.

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