Thrivent Financial for Lutherans Has $20.24 Million Position in The Trade Desk, Inc. (NASDAQ:TTD)

Thrivent Financial for Lutherans reduced its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,281 shares of the technology company’s stock after selling 24,136 shares during the period. Thrivent Financial for Lutherans’ holdings in Trade Desk were worth $20,236,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTD. Rialto Wealth Management LLC acquired a new position in Trade Desk during the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC boosted its stake in shares of 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 buying an additional 117 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of Trade Desk in the 4th quarter worth approximately $34,000. Exchange Traded Concepts LLC purchased a new position in shares of Trade Desk in the 4th quarter worth approximately $35,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Trade Desk in the 4th quarter worth approximately $34,000. 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 dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on TTD. Cantor Fitzgerald lowered their price target on shares of Trade Desk from $115.00 to $100.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Wolfe Research increased their price target on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Susquehanna cut their price target on shares of Trade Desk from $150.00 to $135.00 and set a “positive” rating on the stock in a report on Thursday, February 13th. BMO Capital Markets reduced their target price on shares of Trade Desk from $160.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price target on shares of Trade Desk in a research note on Thursday, March 13th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $116.41.

Trade Desk Stock Up 1.0 %

TTD opened at $55.85 on Friday. The firm has a market capitalization of $27.71 billion, a P/E ratio of 71.60, a P/E/G ratio of 3.11 and a beta of 1.63. The firm’s 50 day moving average is $92.39 and its 200-day moving average is $110.12. The Trade Desk, Inc. has a 52-week low of $53.39 and a 52-week high of $141.53.

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

Trade Desk announced that its board has authorized a stock buyback program on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

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.