Public Employees Retirement System of Ohio Sells 22,724 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Public Employees Retirement System of Ohio decreased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,493 shares of the technology company’s stock after selling 22,724 shares during the period. Public Employees Retirement System of Ohio’s holdings in Trade Desk were worth $17,265,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TTD. Mutual Advisors LLC lifted its stake in Trade Desk by 3.6% in the fourth quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock worth $324,000 after purchasing an additional 156 shares during the last quarter. Raymond James & Associates lifted its stake in Trade Desk by 12.8% in the fourth quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock worth $18,161,000 after purchasing an additional 28,714 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Trade Desk by 0.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 263,971 shares of the technology company’s stock worth $18,995,000 after purchasing an additional 1,314 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Trade Desk in the fourth quarter worth about $215,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Trade Desk by 11.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 99,555 shares of the technology company’s stock worth $7,164,000 after acquiring an additional 10,455 shares during the period. Institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

TTD has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Susquehanna reaffirmed a “positive” rating and set a $110.00 target price on shares of Trade Desk in a research report on Thursday, May 16th. Loop Capital raised their target price on shares of Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. DA Davidson raised their target price on shares of Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $108.00 target price (up from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $100.59.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now directly owns 188,236 shares in the company, valued at $18,337,951.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now directly owns 188,236 shares in the company, valued at $18,337,951.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Laura Schenkein sold 43,705 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the transaction, the chief financial officer now owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 213,909 shares of company stock worth $20,827,601. Company insiders own 10.18% of the company’s stock.

Trade Desk Trading Up 0.2 %

NASDAQ:TTD opened at $92.43 on Tuesday. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $102.67. The firm has a fifty day simple moving average of $96.52 and a 200-day simple moving average of $86.21. The company has a market capitalization of $45.21 billion, a P/E ratio of 230.53, a PEG ratio of 4.73 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. The business had revenue of $491.25 million during the quarter, compared to the consensus estimate of $480.03 million. Equities analysts forecast that The Trade Desk, Inc. will post 0.85 EPS for the current year.

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.