Jacobson & Schmitt Advisors LLC Sells 8,544 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Jacobson & Schmitt Advisors LLC trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 6.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 128,862 shares of the technology company’s stock after selling 8,544 shares during the period. Trade Desk makes up approximately 2.9% of Jacobson & Schmitt Advisors LLC’s investment portfolio, making the stock its 10th largest position. Jacobson & Schmitt Advisors LLC’s holdings in Trade Desk were worth $15,145,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ithaka Group LLC raised its position in Trade Desk by 4.5% during the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after buying an additional 4,836 shares during the period. Nordea Investment Management AB raised its position in Trade Desk by 36.2% during the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after buying an additional 358,350 shares during the period. Assetmark Inc. raised its position in Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after buying an additional 70,687 shares during the period. Swiss National Bank raised its position in Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after buying an additional 4,500 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Trade Desk by 3.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock valued at $231,294,000 after purchasing an additional 68,206 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. BMO Capital Markets lowered their target price on Trade Desk from $160.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. UBS Group boosted their target price on Trade Desk from $116.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, February 14th. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Truist Financial lowered their target price on Trade Desk from $155.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Benchmark restated a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $120.97.

Trade Desk Stock Performance

Shares of TTD stock opened at $76.75 on Thursday. The Trade Desk, Inc. has a 52-week low of $76.12 and a 52-week high of $141.53. The stock has a market cap of $37.88 billion, a price-to-earnings ratio of 98.40, a P/E/G ratio of 3.28 and a beta of 1.45. The firm has a fifty day moving average of $117.64 and a 200-day moving average of $115.23.

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

Trade Desk announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

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

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.