EFG Asset Management North America Corp. Sells 20,626 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

EFG Asset Management North America Corp. lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 26.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,651 shares of the technology company's stock after selling 20,626 shares during the period. EFG Asset Management North America Corp.'s holdings in Trade Desk were worth $4,148,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TTD. Baron Wealth Management LLC bought a new stake in shares of Trade Desk in the third quarter valued at $270,000. New York State Teachers Retirement System purchased a new position in shares of Trade Desk in the third quarter worth about $277,000. Advisor Partners II LLC lifted its stake in shares of Trade Desk by 46.7% during the 3rd quarter. Advisor Partners II LLC now owns 6,444 shares of the technology company's stock valued at $504,000 after buying an additional 2,051 shares in the last quarter. Yousif Capital Management LLC grew its stake in Trade Desk by 3.7% in the 3rd quarter. Yousif Capital Management LLC now owns 5,070 shares of the technology company's stock valued at $396,000 after buying an additional 180 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in shares of Trade Desk during the third quarter worth $130,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Seaport Res Ptn reissued a "neutral" rating on shares of Trade Desk in a research note on Monday, February 12th. Jefferies Financial Group raised shares of Trade Desk from a "hold" rating to a "buy" rating and increased their price target for the stock from $95.00 to $105.00 in a report on Thursday, May 2nd. Truist Financial reaffirmed a "buy" rating and set a $105.00 price target on shares of Trade Desk in a research note on Thursday. Citigroup increased their price objective on Trade Desk from $110.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, May 9th. Finally, Piper Sandler reissued an "overweight" rating and set a $110.00 price target (up from $105.00) on shares of Trade Desk in a research note on Thursday, May 9th. Two 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $93.01.

Trade Desk Price Performance

Shares of NASDAQ TTD traded up $1.59 during mid-day trading on Friday, reaching $94.78. The company's stock had a trading volume of 4,698,906 shares, compared to its average volume of 4,568,285. The stock has a fifty day moving average of $84.94 and a two-hundred day moving average of $76.98. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $95.35. The firm has a market capitalization of $46.34 billion, a PE ratio of 236.96, a P/E/G ratio of 4.76 and a beta of 1.50.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly 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 net margin of 9.80% and a return on equity of 9.41%. The business had revenue of $605.80 million for the quarter, compared to analysts' expectations of $582.61 million. Analysts anticipate that The Trade Desk, Inc. will post 0.83 EPS for the current fiscal year.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 75,000 shares of the company's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the transaction, the chief executive officer now owns 824,022 shares of the company's stock, valued at $69,605,138.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Trade Desk news, Director Kathryn E. Falberg sold 103,030 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the sale, the director now owns 242,609 shares of the company's stock, valued at approximately $19,869,677.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 75,000 shares of the company's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $84.47, for a total value of $6,335,250.00. Following the transaction, the chief executive officer now directly owns 824,022 shares in the company, valued at $69,605,138.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 636,643 shares of company stock worth $53,475,566. 10.18% of the stock is currently owned by insiders.

Trade Desk Company 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.

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