J. Safra Sarasin Holding AG Sells 68,124 Shares of The Trade Desk (NASDAQ:TTD)

Key Points

• J. Safra Sarasin Holding AG has reduced its stake in The Trade Desk by 42.0%, now owning 94,073 shares valued at approximately $5.15 million.
• Institutional investors control 67.77% of The Trade Desk's shares, with notable increases from firms like Brown Advisory, which boosted its stake by 198.4%.
• Analysts have set a consensus price target of $100.09 for The Trade Desk, with 26 analysts issuing a buy rating based on projected strong revenue growth.

J. Safra Sarasin Holding AG lowered its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 42.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,073 shares of the technology company's stock after selling 68,124 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Trade Desk were worth $5,148,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Trade Desk by 3.8% in the fourth 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. Alliancebernstein L.P. increased its holdings in Trade Desk by 1.1% in the fourth quarter. Alliancebernstein L.P. now owns 344,924 shares of the technology company's stock valued at $40,539,000 after purchasing an additional 3,788 shares during the last quarter. Huntington National Bank increased its holdings in 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 last quarter. Bryce Point Capital LLC bought a new stake in Trade Desk in the fourth quarter valued at about $488,000. Finally, OneAscent Financial Services LLC bought a new stake in Trade Desk in the fourth quarter valued at about $236,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Arete Research upgraded Trade Desk to a "strong sell" rating in a report on Monday, July 28th. Rosenblatt Securities increased their price target on Trade Desk from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Citizens Jmp lowered their price target on Trade Desk from $115.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, May 9th. KeyCorp increased their price target on Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Wedbush restated an "outperform" rating and issued a $86.00 price target on shares of Trade Desk in a report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.09.

Insider Buying and Selling at Trade Desk

In related news, 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 transaction of $2,287,603.44. Following the sale, the director owned 66,985 shares of the company's stock, valued at $5,350,761.80. This trade represents a 29.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $2,135,520.52. Following the transaction, the chief executive officer directly owned 17,018 shares in the company, valued at $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.00% of the company's stock.

Trade Desk Stock Down 1.0%

Shares of TTD stock traded down $0.88 during trading hours on Friday, reaching $86.08. The company's stock had a trading volume of 9,973,566 shares, compared to its average volume of 15,217,046. The firm's 50 day simple moving average is $75.63 and its 200-day simple moving average is $74.12. The company has a market capitalization of $42.30 billion, a price-to-earnings ratio of 104.98, a PEG ratio of 3.91 and a beta of 1.37. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two 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. The firm had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The company's revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. Sell-side analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

About Trade Desk

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.