American Century Companies Inc. Sells 14,893 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

American Century Companies Inc. reduced its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,612,406 shares of the technology company's stock after selling 14,893 shares during the period. American Century Companies Inc. owned 0.33% of Trade Desk worth $189,506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new position in shares of Trade Desk in the fourth quarter valued at approximately $26,000. Harbor Investment Advisory LLC raised its holdings in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock valued at $34,000 after acquiring an additional 117 shares during the last quarter. Synergy Asset Management LLC acquired a new position in Trade Desk in the fourth quarter valued at $34,000. Midwest Capital Advisors LLC purchased a new position in Trade Desk during the fourth quarter worth about $34,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Trade Desk in the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TTD. Needham & Company LLC reaffirmed a "buy" rating and issued a $145.00 target price on shares of Trade Desk in a research report on Thursday, March 13th. Royal Bank of Canada dropped their price objective on shares of Trade Desk from $120.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Susquehanna cut their target price on shares of Trade Desk from $150.00 to $135.00 and set a "positive" rating on the stock in a research note on Thursday, February 13th. Morgan Stanley decreased their price target on shares of Trade Desk from $145.00 to $132.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Finally, Evercore ISI cut Trade Desk from an "outperform" rating to an "inline" rating and reduced their price objective for the stock from $135.00 to $90.00 in a research note on Thursday, February 13th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $116.41.

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Insiders Place Their Bets

In other news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares of the company's stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,029 shares of company stock valued at $5,004,296 over the last quarter. Insiders own 9.72% of the company's stock.

Trade Desk Price Performance

TTD traded down $1.54 during trading on Thursday, reaching $57.26. 6,735,940 shares of the stock traded hands, compared to its average volume of 4,681,082. The Trade Desk, Inc. has a fifty-two week low of $53.39 and a fifty-two week high of $141.53. The stock's 50-day simple moving average is $87.66 and its two-hundred day simple moving average is $108.97. The stock has a market cap of $28.41 billion, a price-to-earnings ratio of 73.41, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS 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%. Research analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its board has approved a stock buyback plan on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 0.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors 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.