OMERS ADMINISTRATION Corp Lowers Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

OMERS ADMINISTRATION Corp lessened its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 23.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,787 shares of the technology company's stock after selling 9,027 shares during the period. OMERS ADMINISTRATION Corp's holdings in Trade Desk were worth $3,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in TTD. Rialto Wealth Management LLC bought a new position in shares of Trade Desk during the 4th quarter worth approximately $26,000. Harbor Investment Advisory LLC increased its position in shares of Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock worth $34,000 after purchasing an additional 117 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in shares of Trade Desk during the 4th quarter valued at $34,000. Midwest Capital Advisors LLC acquired a new stake in shares of Trade Desk in the 4th quarter worth $34,000. Finally, Zions Bancorporation N.A. grew its stake in Trade Desk by 148.3% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock worth $34,000 after buying an additional 175 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Activity at Trade Desk

In other news, Director David B. Wells sold 28,638 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total value of $2,287,603.44. Following the transaction, the director now owns 66,985 shares of the company's stock, valued at $5,350,761.80. This represents a 29.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the firm's 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 sale, the chief executive officer now directly owns 17,018 shares of the company's stock, 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. 9.74% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TTD shares. Jefferies Financial Group set a $125.00 price objective on shares of Trade Desk and gave the company a "buy" rating in a research report on Tuesday, April 29th. Wedbush reiterated an "outperform" rating and set a $86.00 price objective (up from $80.00) on shares of Trade Desk in a research note on Friday, May 9th. JMP Securities cut their target price on Trade Desk from $115.00 to $100.00 and set a "market outperform" rating on the stock in a research report on Friday, May 9th. Cfra Research upgraded Trade Desk to a "moderate buy" rating in a research note on Tuesday, March 25th. Finally, KeyCorp increased their price objective on Trade Desk from $67.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, Trade Desk currently has an average rating of "Moderate Buy" and a consensus target price of $98.88.

Trade Desk Stock Down 1.5%

Shares of Trade Desk stock traded down $1.19 during mid-day trading on Friday, reaching $76.31. 6,522,133 shares of the stock traded hands, compared to its average volume of 5,958,589. The business has a 50-day moving average of $55.77 and a 200 day moving average of $94.21. The stock has a market capitalization of $37.86 billion, a PE ratio of 97.83, a PEG ratio of 3.11 and a beta of 1.29. The Trade Desk, Inc. 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 announced its quarterly earnings data 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 company had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The firm's revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. On average, equities research analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

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.