Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 462,307 Shares of The Trade Desk $TTD

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its position in shares of The Trade Desk (NASDAQ:TTD) by 59.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 310,349 shares of the technology company’s stock after selling 462,307 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Trade Desk were worth $3,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC increased its holdings in shares of Trade Desk by 219.4% during the first quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock worth $30,000 after buying an additional 906 shares in the last quarter. NBH Bank acquired a new position in shares of Trade Desk in the 2nd quarter worth approximately $30,000. Ascentis Independent Advisors acquired a new position in shares of Trade Desk in the 1st quarter worth approximately $36,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Trade Desk by 159.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,031 shares of the technology company’s stock worth $46,000 after acquiring an additional 1,247 shares in the last quarter. Finally, South Dakota Investment Council bought a new stake in Trade Desk during the 1st quarter worth approximately $54,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

TTD stock opened at $13.00 on Monday. The company has a 50 day moving average price of $13.19 and a 200 day moving average price of $17.54. The Trade Desk has a fifty-two week low of $11.62 and a fifty-two week high of $55.11. The stock has a market capitalization of $6.11 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). The firm had revenue of $715.06 million during the quarter, compared to the consensus estimate of $752.41 million. Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 earnings per share. As a group, equities analysts expect that The Trade Desk will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Moffett Nathanson set a $6.00 price target on Trade Desk in a report on Friday, August 7th. Benchmark reiterated a “buy” rating and issued a $20.00 price objective (down from $30.00) on shares of Trade Desk in a research report on Monday, August 3rd. Arete Research set a $11.60 price objective on Trade Desk and gave the stock a “sell” rating in a research note on Tuesday, June 30th. Cannonball Research cut Trade Desk from a “strong-buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Friday, August 7th. Finally, Zacks Research upgraded Trade Desk from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Four analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $18.16.

Trade Desk Profile

The Trade Desk, Inc is a technology company that provides a cloud-based platform for digital advertising. Its demand-side platform enables advertisers and advertising agencies to plan, purchase, optimize and measure programmatic campaigns across channels including connected television, display, mobile, audio, native advertising and digital out-of-home media.

The company’s platform is designed to help clients use data and automated bidding to reach audiences across websites, applications, streaming services and other digital properties.