The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by In Depth Partners LLC

In Depth Partners LLC reduced its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 10.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 90,623 shares of the technology company's stock after selling 10,696 shares during the quarter. Trade Desk comprises about 11.3% of In Depth Partners LLC's holdings, making the stock its 5th largest position. In Depth Partners LLC's holdings in Trade Desk were worth $10,651,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TTD. Focus Financial Network Inc. increased its position in shares of Trade Desk by 2.2% in the fourth quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company's stock valued at $456,000 after buying an additional 84 shares in the last quarter. RMR Wealth Builders increased its stake in shares of Trade Desk by 0.8% during the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company's stock worth $1,247,000 after purchasing an additional 89 shares in the last quarter. Quotient Wealth Partners LLC increased its position in Trade Desk by 4.2% during the fourth quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company's stock worth $276,000 after buying an additional 94 shares in the last quarter. TFB Advisors LLC lifted its position in shares of Trade Desk by 2.6% in the fourth quarter. TFB Advisors LLC now owns 3,759 shares of the technology company's stock valued at $442,000 after acquiring an additional 94 shares in the last quarter. Finally, Centurion Wealth Management LLC boosted its stake in shares of Trade Desk by 2.6% during the fourth quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company's stock valued at $443,000 after acquiring an additional 96 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insiders Place Their Bets

In related news, insider Samantha Jacobson sold 4,298 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now owns 90,709 shares of the company's stock, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.72% of the stock is owned by corporate insiders.

Trade Desk Stock Up 1.3 %

Shares of TTD traded up $0.70 during midday trading on Friday, hitting $53.97. The company had a trading volume of 6,287,369 shares, compared to its average volume of 5,369,239. The Trade Desk, Inc. has a 52 week low of $42.96 and a 52 week high of $141.53. The company's 50 day moving average price is $57.70 and its 200 day moving average price is $99.39. The stock has a market cap of $26.77 billion, a price-to-earnings ratio of 69.19, a PEG ratio of 3.11 and a beta of 1.56.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. Equities analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its board has initiated a share repurchase plan on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

TTD has been the topic of a number of recent research reports. Susquehanna reduced their target price on shares of Trade Desk from $150.00 to $135.00 and set a "positive" rating on the stock in a report on Thursday, February 13th. Cantor Fitzgerald cut their price target on Trade Desk from $115.00 to $100.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Robert W. Baird decreased their price objective on Trade Desk from $160.00 to $145.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Citizens Jmp upgraded Trade Desk to a "strong-buy" rating in a research note on Tuesday, January 21st. Finally, Cfra Research raised Trade Desk to a "moderate buy" rating in a research note on Tuesday, March 25th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.34.

Trade Desk 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.