The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Broadleaf Partners LLC

Broadleaf Partners LLC lessened its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,854 shares of the technology company's stock after selling 24,836 shares during the quarter. Trade Desk comprises about 2.5% of Broadleaf Partners LLC's investment portfolio, making the stock its 15th biggest holding. Broadleaf Partners LLC's holdings in Trade Desk were worth $10,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TTD. Norges Bank bought a new position in Trade Desk in the 4th quarter worth $524,187,000. Raymond James Financial Inc. purchased a new position in Trade Desk in the fourth quarter worth about $231,570,000. Franklin Resources Inc. raised its holdings in Trade Desk by 265.9% during the 4th quarter. Franklin Resources Inc. now owns 1,864,386 shares of the technology company's stock valued at $219,121,000 after buying an additional 1,354,891 shares during the period. FMR LLC lifted its holdings in shares of Trade Desk by 44.8% in the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock worth $445,237,000 after acquiring an additional 1,172,082 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Trade Desk in the fourth quarter worth about $100,658,000. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Samantha Jacobson sold 4,298 shares of the firm's stock in a transaction 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 transaction, the insider now owns 90,709 shares of the company's stock, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 9.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Robert W. Baird reduced their target price on Trade Desk from $160.00 to $145.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Evercore ISI downgraded Trade Desk from an "outperform" rating to an "inline" rating and cut their price target for the company from $135.00 to $90.00 in a report on Thursday, February 13th. KeyCorp dropped their price objective on Trade Desk from $74.00 to $67.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets reduced their target price on shares of Trade Desk from $160.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Finally, UBS Group cut their price objective on shares of Trade Desk from $116.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $102.90.

Trade Desk Trading Up 4.6 %

Shares of NASDAQ:TTD traded up $2.26 during trading on Wednesday, hitting $50.92. 6,182,870 shares of the stock were exchanged, compared to its average volume of 5,331,537. The Trade Desk, Inc. has a 12-month low of $42.96 and a 12-month high of $141.53. The company has a market cap of $25.26 billion, a PE ratio of 65.28, a P/E/G ratio of 3.11 and a beta of 1.56. The company has a fifty day moving average price of $59.36 and a two-hundred day moving average price of $100.67.

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 the consensus estimate of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. Equities research analysts anticipate 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 share buyback plan on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Trade Desk 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.