Great Valley Advisor Group Inc. Decreases Position in The Trade Desk, Inc. (NASDAQ:TTD)

Great Valley Advisor Group Inc. lowered its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 17.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,836 shares of the technology company’s stock after selling 993 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Trade Desk were worth $348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC grew its stake in Trade Desk by 91.7% in the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock worth $1,049,619,000 after acquiring an additional 6,978,352 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Trade Desk by 9.6% in the 3rd quarter. Invesco Ltd. now owns 5,899,407 shares of the technology company’s stock worth $461,039,000 after buying an additional 517,842 shares during the period. Northern Trust Corp increased its stake in shares of Trade Desk by 3.6% during the third quarter. Northern Trust Corp now owns 2,861,069 shares of the technology company’s stock valued at $223,593,000 after buying an additional 98,286 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Trade Desk by 9.1% in the third quarter. Bank of New York Mellon Corp now owns 2,203,957 shares of the technology company’s stock valued at $172,239,000 after acquiring an additional 182,918 shares in the last quarter. Finally, ARK Investment Management LLC lifted its stake in Trade Desk by 1,162.0% in the fourth quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock worth $154,689,000 after acquiring an additional 1,979,319 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Activity

In other Trade Desk news, insider Samantha Jacobson sold 15,006 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the completion of the sale, the insider now owns 52,387 shares of the company’s stock, valued at $4,377,981.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the sale, the insider now owns 139,794 shares in the company, valued at approximately $12,515,756.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Samantha Jacobson sold 15,006 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the transaction, the insider now owns 52,387 shares of the company’s stock, valued at $4,377,981.59. The disclosure for this sale can be found here. Insiders sold a total of 642,170 shares of company stock valued at $53,970,398 in the last 90 days. Company insiders own 10.18% of the company’s stock.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $88.59 on Monday. The business has a 50 day simple moving average of $83.69 and a two-hundred day simple moving average of $75.80. The stock has a market capitalization of $43.32 billion, a P/E ratio of 246.09, a PEG ratio of 4.88 and a beta of 1.50. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $94.00.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The company had revenue of $605.80 million for the quarter, compared to analysts’ expectations of $582.61 million. As a group, research analysts anticipate that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Trade Desk in a research report on Thursday, March 21st. Stifel Nicolaus upped their target price on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 16th. BMO Capital Markets lifted their price target on Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a report on Friday, February 16th. BTIG Research boosted their target price on shares of Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Oppenheimer upped their price objective on shares of Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Two investment 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’s stock. According to MarketBeat, Trade Desk has an average rating of “Moderate Buy” and an average price target of $90.38.

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.