Westwood Management Corp IL Reduces Position in The Trade Desk, Inc. (NASDAQ:TTD)

Westwood Management Corp IL reduced its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 69.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,005 shares of the technology company's stock after selling 657,360 shares during the quarter. Trade Desk comprises approximately 7.8% of Westwood Management Corp IL's holdings, making the stock its 5th largest position. Westwood Management Corp IL owned 0.06% of Trade Desk worth $21,013,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tennessee Valley Asset Management Partners bought a new position in Trade Desk during the 4th quarter worth $85,000. Wealth Effects LLC boosted its position in Trade Desk by 12.7% during the 4th quarter. Wealth Effects LLC now owns 56,718 shares of the technology company's stock worth $4,081,000 after acquiring an additional 6,373 shares during the period. Valeo Financial Advisors LLC boosted its position in Trade Desk by 14.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 6,881 shares of the technology company's stock worth $495,000 after acquiring an additional 849 shares during the period. Sapient Capital LLC acquired a new position in Trade Desk during the 4th quarter worth $469,000. Finally, Cerity Partners LLC boosted its position in Trade Desk by 19.3% during the 4th quarter. Cerity Partners LLC now owns 33,294 shares of the technology company's stock worth $2,396,000 after acquiring an additional 5,380 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BMO Capital Markets boosted their price target on Trade Desk from $88.00 to $107.00 and gave the stock an "outperform" rating in a research report on Friday, February 16th. Stephens reiterated an "overweight" rating and set a $85.00 price target on shares of Trade Desk in a research report on Friday, February 16th. Wells Fargo & Company boosted their price target on Trade Desk from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 17th. HSBC began coverage on Trade Desk in a report on Monday, December 18th. They issued a "buy" rating and a $83.20 price objective for the company. Finally, Needham & Company LLC restated a "buy" rating and issued a $100.00 price objective on shares of Trade Desk in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $89.75.

Insiders Place Their Bets

In other Trade Desk news, Director Gokul Rajaram sold 2,999 shares of the company's stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total value of $188,217.24. Following the transaction, the director now directly owns 36,312 shares of the company's stock, valued at approximately $2,278,941.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Jeffrey Terry Green sold 75,000 shares of the company's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the completion of the sale, the chief executive officer now owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 2,999 shares of the company's stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total value of $188,217.24. Following the sale, the director now owns 36,312 shares of the company's stock, valued at approximately $2,278,941.12. The disclosure for this sale can be found here. Insiders have sold a total of 492,569 shares of company stock valued at $41,213,950 in the last three months. Insiders own 10.81% of the company's stock.

Trade Desk Stock Performance

NASDAQ:TTD traded down $1.33 during trading hours on Friday, hitting $86.37. 2,349,129 shares of the company's stock traded hands, compared to its average volume of 4,684,065. The firm has a market cap of $42.23 billion, a P/E ratio of 239.92, a P/E/G ratio of 4.76 and a beta of 1.50. The Trade Desk, Inc. has a twelve month low of $59.36 and a twelve month high of $94.00. The stock's fifty day moving average price is $81.89 and its two-hundred day moving average price is $75.54.

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