The Trade Desk $TTD Shares Sold by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC trimmed its position in shares of The Trade Desk (NASDAQ:TTD) by 60.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,450 shares of the technology company’s stock after selling 41,710 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Trade Desk were worth $1,345,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Wealth Group LLC grew its holdings in shares of Trade Desk by 2.8% during the second quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company’s stock worth $321,000 after buying an additional 122 shares in the last quarter. STF Management LP boosted its position in Trade Desk by 2.1% during the second quarter. STF Management LP now owns 6,627 shares of the technology company’s stock worth $477,000 after acquiring an additional 136 shares during the last quarter. Mutual Advisors LLC grew its stake in Trade Desk by 3.5% during the 2nd quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock valued at $305,000 after acquiring an additional 142 shares in the last quarter. HighMark Wealth Management LLC grew its stake in Trade Desk by 46.2% during the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock valued at $34,000 after acquiring an additional 151 shares in the last quarter. Finally, Brighton Jones LLC lifted its stake in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

TTD has been the subject of a number of analyst reports. Wall Street Zen upgraded Trade Desk from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Wolfe Research reaffirmed an “outperform” rating and issued a $45.00 target price (down from $60.00) on shares of Trade Desk in a research note on Monday. Evercore ISI lowered their price target on shares of Trade Desk from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Zacks Research upgraded shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Susquehanna reduced their target price on shares of Trade Desk from $135.00 to $85.00 and set a “positive” rating on the stock in a research note on Friday, November 7th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $71.19.

Trade Desk Price Performance

NASDAQ TTD opened at $38.65 on Thursday. The stock has a market capitalization of $18.69 billion, a P/E ratio of 44.43, a PEG ratio of 1.56 and a beta of 1.11. The firm’s 50-day moving average is $40.29 and its two-hundred day moving average is $53.97. The Trade Desk has a 12 month low of $35.65 and a 12 month high of $126.20.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. As a group, analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its board has authorized a stock repurchase plan on Thursday, November 6th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.