L & S Advisors Inc Sells 3,980 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

L & S Advisors Inc lowered its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 19.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,463 shares of the technology company’s stock after selling 3,980 shares during the quarter. L & S Advisors Inc’s holdings in Trade Desk were worth $1,608,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TTD. Global Assets Advisory LLC bought a new stake in shares of Trade Desk during the 1st quarter valued at $2,626,000. Franklin Resources Inc. increased its holdings in Trade Desk by 15.7% in the fourth quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock valued at $28,346,000 after purchasing an additional 53,441 shares during the last quarter. Nordea Investment Management AB lifted its stake in Trade Desk by 11.4% in the first quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock valued at $60,202,000 after buying an additional 70,201 shares during the period. Nicholas Company Inc. boosted its holdings in Trade Desk by 64.9% during the fourth quarter. Nicholas Company Inc. now owns 776,425 shares of the technology company’s stock worth $55,872,000 after buying an additional 305,615 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in shares of Trade Desk during the 1st quarter worth about $3,011,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Susquehanna increased their price target on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, August 9th. Piper Sandler reiterated an “overweight” rating and issued a $110.00 target price on shares of Trade Desk in a report on Tuesday, June 11th. Wolfe Research started coverage on shares of Trade Desk in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price objective for the company. Oppenheimer raised their price objective on Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Bank of America began coverage on Trade Desk in a research note on Wednesday, September 4th. They issued a “buy” rating and a $135.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have issued a buy rating and one has issued 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 $109.05.

Trade Desk Stock Up 0.4 %

Shares of Trade Desk stock opened at $105.84 on Wednesday. The stock has a market cap of $51.77 billion, a P/E ratio of 264.60, a P/E/G ratio of 5.03 and a beta of 1.48. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $107.64. The business’s 50 day moving average is $98.07 and its 200-day moving average is $92.36.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 earnings per share. On average, sell-side analysts expect that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 141,434 shares of Trade Desk stock in a transaction dated Friday, June 28th. The stock was 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 owns 188,236 shares in the company, valued at $18,337,951.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $98.37, for a total value of $133,291.35. Following the transaction, the director now directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 141,434 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the sale, the insider now owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The disclosure for this sale can be found here. Insiders have sold 599,163 shares of company stock worth $61,246,529 in the last ninety days. Insiders own 10.18% of the company’s stock.

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.