Mount Yale Investment Advisors LLC Sells 1,106 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Mount Yale Investment Advisors LLC reduced its position in The Trade Desk, Inc. (NASDAQ:TTD) by 15.8% in the 4th quarter, HoldingsChannel reports. The firm owned 5,880 shares of the technology company’s stock after selling 1,106 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Trade Desk were worth $691,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CAP Partners LLC boosted its holdings in shares of Trade Desk by 1.4% during the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after buying an additional 86 shares during the period. RMR Wealth Builders lifted its position in Trade Desk by 0.8% during the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after acquiring an additional 89 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after acquiring an additional 97 shares during the period. Parisi Gray Wealth Management boosted its holdings in shares of Trade Desk by 2.2% during the fourth quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock worth $533,000 after acquiring an additional 99 shares during the period. Finally, Avior Wealth Management LLC grew its position in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 549,684 shares of company stock valued at $68,444,576. 9.72% of the stock is currently owned by insiders.

Trade Desk Stock Up 1.2 %

Shares of NASDAQ:TTD opened at $120.56 on Wednesday. The business has a fifty day simple moving average of $125.89 and a 200 day simple moving average of $113.95. The Trade Desk, Inc. has a 12-month low of $66.56 and a 12-month high of $141.53. The firm has a market cap of $59.50 billion, a P/E ratio of 197.64, a P/E/G ratio of 3.82 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The company had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. During the same period in the prior year, the firm earned $0.08 earnings per share. As a group, equities research analysts expect that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on TTD. Evercore ISI boosted their price target on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. BMO Capital Markets upped their price target on shares of Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Piper Sandler reiterated an “overweight” rating and issued a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Robert W. Baird increased their price target on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Macquarie increased their target price on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.13.

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.