Integrated Advisors Network LLC Lowers Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Integrated Advisors Network LLC reduced its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,601 shares of the technology company's stock after selling 9,117 shares during the quarter. Integrated Advisors Network LLC's holdings in Trade Desk were worth $8,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Lyell Wealth Management LP increased its position in shares of Trade Desk by 24.3% during the fourth quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company's stock worth $11,558,000 after acquiring an additional 19,204 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Trade Desk by 5.4% in the 4th quarter. Yousif Capital Management LLC now owns 5,856 shares of the technology company's stock valued at $688,000 after purchasing an additional 300 shares during the period. Allworth Financial LP increased its stake in shares of Trade Desk by 46.3% during the 4th quarter. Allworth Financial LP now owns 5,470 shares of the technology company's stock worth $660,000 after purchasing an additional 1,732 shares during the last quarter. Cherry Creek Investment Advisors Inc. boosted its holdings in Trade Desk by 10.3% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 52,144 shares of the technology company's stock valued at $6,128,000 after acquiring an additional 4,878 shares during the period. Finally, Jacksonville Wealth Management LLC acquired a new stake in Trade Desk during the fourth quarter worth about $1,318,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of the firm's stock in a transaction on Monday, May 12th. The stock was 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 directly owns 17,018 shares of the company's stock, valued at $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David B. Wells sold 28,638 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the transaction, the director now directly owns 66,985 shares of the company's stock, valued at $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. 9.72% of the stock is owned by corporate insiders.

Trade Desk Stock Performance

TTD stock traded down $1.00 during mid-day trading on Friday, hitting $73.88. 1,980,875 shares of the company were exchanged, compared to its average volume of 9,826,599. The firm's 50 day simple moving average is $59.58 and its 200 day simple moving average is $90.90. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53. The firm has a market cap of $36.65 billion, a P/E ratio of 94.75, a P/E/G ratio of 3.11 and a beta of 1.29.

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

Trade Desk announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TTD has been the topic of several recent research reports. Evercore ISI lowered shares of Trade Desk from an "outperform" rating to an "inline" rating and reduced their target price for the company from $135.00 to $90.00 in a research note on Thursday, February 13th. UBS Group decreased their target price on Trade Desk from $116.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada lowered their price target on shares of Trade Desk from $100.00 to $85.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wedbush restated an "outperform" rating and issued a $86.00 target price (up from $80.00) on shares of Trade Desk in a research note on Friday, May 9th. Finally, Loop Capital decreased their target price on Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Seven analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $97.12.

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.