Braun Stacey Associates Inc. Has $20.36 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Braun Stacey Associates Inc. trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,944 shares of the technology company's stock after selling 14,710 shares during the period. Braun Stacey Associates Inc. owned about 0.06% of Trade Desk worth $20,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC lifted its position in shares of Trade Desk by 0.5% during the third quarter. AE Wealth Management LLC now owns 85,055 shares of the technology company's stock valued at $6,647,000 after buying an additional 403 shares during the last quarter. California Public Employees Retirement System boosted its stake in Trade Desk by 1.4% in the 3rd quarter. California Public Employees Retirement System now owns 808,509 shares of the technology company's stock worth $63,185,000 after purchasing an additional 11,356 shares in the last quarter. Nordea Investment Management AB boosted its stake in Trade Desk by 31.7% in the 4th quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company's stock worth $44,226,000 after purchasing an additional 147,717 shares in the last quarter. Riverbridge Partners LLC boosted its stake in Trade Desk by 14,112.7% in the 3rd quarter. Riverbridge Partners LLC now owns 479,962 shares of the technology company's stock worth $37,509,000 after purchasing an additional 476,585 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in Trade Desk by 12.8% in the 4th quarter. Raymond James & Associates now owns 252,370 shares of the technology company's stock worth $18,161,000 after purchasing an additional 28,714 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Down 2.7 %

Shares of Trade Desk stock traded down $2.38 during trading hours on Thursday, reaching $84.56. 3,193,379 shares of the company's stock were exchanged, compared to its average volume of 4,922,814. The Trade Desk, Inc. has a 1 year low of $57.17 and a 1 year high of $94.00. The company has a market capitalization of $41.34 billion, a P/E ratio of 241.51, a price-to-earnings-growth ratio of 4.80 and a beta of 1.50. The business has a fifty day moving average of $79.47 and a two-hundred day moving average of $75.09.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The business had revenue of $605.80 million for the quarter, compared to analysts' expectations of $582.61 million. As a group, research analysts predict that The Trade Desk, Inc. will post 0.79 EPS for the current year.

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 2,136 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the sale, the insider now owns 139,794 shares of the company's stock, valued at $12,515,756.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Laura Schenkein sold 3,391 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $303,596.23. Following the sale, the chief financial officer now owns 653,366 shares of the company's stock, valued at $58,495,857.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 2,136 shares of the company's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the sale, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The disclosure for this sale can be found here. Insiders have sold 426,562 shares of company stock valued at $35,446,258 over the last 90 days. 10.81% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Oppenheimer lifted their target price on shares of Trade Desk from $85.00 to $105.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. Piper Sandler lifted their target price on shares of Trade Desk from $80.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, February 16th. BMO Capital Markets lifted their price objective on shares of Trade Desk from $88.00 to $107.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. Truist Financial lifted their price objective on shares of Trade Desk from $80.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Finally, Stephens restated an "overweight" rating and set a $85.00 price objective on shares of Trade Desk in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.75.

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.