The Trade Desk, Inc. (NASDAQ:TTD) Position Trimmed by TCW Group Inc.

TCW Group Inc. trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,235,353 shares of the technology company’s stock after selling 72,450 shares during the period. Trade Desk comprises approximately 1.2% of TCW Group Inc.’s investment portfolio, making the stock its 19th biggest position. TCW Group Inc.’s holdings in Trade Desk were worth $145,191,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TTD. Harbor Investment Advisory LLC boosted its stake in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after purchasing an additional 117 shares during the period. Exchange Traded Concepts LLC acquired a new position in Trade Desk in the 4th quarter worth approximately $35,000. Synergy Asset Management LLC acquired a new position in Trade Desk in the 4th quarter worth approximately $34,000. Kestra Investment Management LLC acquired a new position in Trade Desk in the 4th quarter worth approximately $39,000. Finally, Avior Wealth Management LLC boosted its stake in Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock worth $5,004,296 in the last ninety days. Insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TTD. Loop Capital cut their target price on shares of Trade Desk from $145.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday. DA Davidson cut their target price on shares of Trade Desk from $134.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Wolfe Research increased their target price on shares of Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and increased their target price for the stock from $85.00 to $115.00 in a research report on Monday, November 25th. Finally, Cantor Fitzgerald cut their target price on shares of Trade Desk from $115.00 to $100.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.45.

Trade Desk Price Performance

Shares of TTD opened at $72.06 on Friday. The company has a market capitalization of $35.57 billion, a PE ratio of 92.38, a price-to-earnings-growth ratio of 3.11 and a beta of 1.45. The company’s fifty day moving average price is $115.27 and its 200 day moving average price is $115.09. The Trade Desk, Inc. has a one year low of $71.61 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. Analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

About Trade Desk

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.