L & S Advisors Inc Has $855,000 Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

L & S Advisors Inc cut its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 11.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,277 shares of the technology company’s stock after selling 933 shares during the quarter. L & S Advisors Inc’s holdings in Trade Desk were worth $855,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allianz SE bought a new position in Trade Desk in the fourth quarter valued at about $266,000. Allstate Corp acquired a new position in shares of Trade Desk in the fourth quarter valued at approximately $1,549,000. Brown Brothers Harriman & Co. raised its holdings in Trade Desk by 138.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,116 shares of the technology company’s stock valued at $131,000 after buying an additional 648 shares during the last quarter. DnB Asset Management AS boosted its position in Trade Desk by 8.2% during the 4th quarter. DnB Asset Management AS now owns 80,676 shares of the technology company’s stock worth $9,482,000 after buying an additional 6,096 shares during the period. Finally, Orion Portfolio Solutions LLC grew its holdings in Trade Desk by 1.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 42,226 shares of the technology company’s stock worth $4,963,000 after acquiring an additional 763 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Activity at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TTD has been the subject of several analyst reports. Stifel Nicolaus dropped their price target on shares of Trade Desk from $144.00 to $122.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Evercore ISI lowered Trade Desk from an “outperform” rating to an “inline” rating and lowered their target price for the stock from $135.00 to $90.00 in a research report on Thursday, February 13th. JMP Securities reduced their price target on Trade Desk from $150.00 to $115.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Oppenheimer decreased their price target on Trade Desk from $135.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Finally, Citigroup cut their price objective on Trade Desk from $140.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $116.41.

Trade Desk Price Performance

NASDAQ:TTD opened at $55.85 on Friday. The Trade Desk, Inc. has a one year low of $53.39 and a one year high of $141.53. The company has a market cap of $27.71 billion, a PE ratio of 71.60, a PEG ratio of 3.11 and a beta of 1.63. The firm has a 50-day moving average of $85.01 and a 200-day moving average of $108.37.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. On average, equities research analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its board has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.