The Trade Desk, Inc. (NASDAQ:TTD) Stock Position Trimmed by Forte Capital LLC ADV

Forte Capital LLC ADV reduced its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 262,317 shares of the technology company's stock after selling 8,795 shares during the quarter. Trade Desk comprises about 2.6% of Forte Capital LLC ADV's portfolio, making the stock its 7th biggest position. Forte Capital LLC ADV owned 0.05% of Trade Desk worth $18,876,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TTD. Jennison Associates LLC boosted its position in Trade Desk by 91.7% during the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company's stock valued at $1,049,619,000 after purchasing an additional 6,978,352 shares in the last quarter. Invesco Ltd. grew its position in shares of Trade Desk by 9.6% in the 3rd quarter. Invesco Ltd. now owns 5,899,407 shares of the technology company's stock worth $461,039,000 after buying an additional 517,842 shares during the last quarter. Northern Trust Corp raised its stake in shares of Trade Desk by 3.6% during the 3rd quarter. Northern Trust Corp now owns 2,861,069 shares of the technology company's stock worth $223,593,000 after acquiring an additional 98,286 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Trade Desk by 9.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,203,957 shares of the technology company's stock worth $172,239,000 after acquiring an additional 182,918 shares in the last quarter. Finally, ARK Investment Management LLC boosted its stake in Trade Desk by 1,162.0% in the fourth quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company's stock valued at $154,689,000 after acquiring an additional 1,979,319 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Oppenheimer increased their price objective on Trade Desk from $85.00 to $105.00 and gave the company an "outperform" rating in a report on Friday, February 16th. KeyCorp boosted their price target on Trade Desk from $84.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday, February 16th. Susquehanna increased their price objective on shares of Trade Desk from $75.00 to $110.00 and gave the company a "positive" rating in a research report on Friday, February 16th. Wells Fargo & Company boosted their target price on shares of Trade Desk from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 17th. Finally, Stephens reaffirmed an "overweight" rating and issued a $85.00 price target on shares of Trade Desk in a report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $90.38.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the transaction, the chief executive officer now directly owns 1,551,987 shares of the company's stock, valued at $126,905,976.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of Trade Desk 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 completion of the sale, the insider now directly owns 139,794 shares in the company, valued at $12,515,756.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 75,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 1,551,987 shares in the company, valued at $126,905,976.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 642,170 shares of company stock worth $53,970,398. 10.18% of the stock is owned by corporate insiders.

Trade Desk Trading Up 0.5 %

NASDAQ:TTD traded up $0.47 during trading hours on Friday, hitting $88.59. 3,778,002 shares of the stock were exchanged, compared to its average volume of 2,871,066. The firm's fifty day moving average price is $83.69 and its 200 day moving average price is $75.80. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $94.00. The company has a market cap of $43.32 billion, a P/E ratio of 246.09, a P/E/G ratio of 4.88 and a beta of 1.50.

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