EFG Asset Management Americas Corp. Sells 6,299 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

EFG Asset Management Americas Corp. lowered its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 16.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 31,694 shares of the technology company's stock after selling 6,299 shares during the period. EFG Asset Management Americas Corp.'s holdings in Trade Desk were worth $3,725,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Andra AP fonden acquired a new position in shares of Trade Desk in the 4th quarter worth approximately $693,000. Ashton Thomas Private Wealth LLC lifted its position in shares of Trade Desk by 112.0% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 14,816 shares of the technology company's stock valued at $1,741,000 after acquiring an additional 7,828 shares during the period. Callan Family Office LLC acquired a new position in shares of Trade Desk during the 4th quarter valued at $812,000. E Fund Management Co. Ltd. lifted its position in shares of Trade Desk by 52.4% during the 4th quarter. E Fund Management Co. Ltd. now owns 6,363 shares of the technology company's stock valued at $748,000 after acquiring an additional 2,187 shares during the period. Finally, Candriam S.C.A. lifted its position in shares of Trade Desk by 6.7% during the 4th quarter. Candriam S.C.A. now owns 28,027 shares of the technology company's stock valued at $3,294,000 after acquiring an additional 1,771 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Stock Down 0.1 %

TTD traded down $0.07 during trading on Friday, hitting $64.91. 11,469,784 shares of the company traded hands, compared to its average volume of 8,075,771. The firm has a market cap of $32.20 billion, a P/E ratio of 83.22, a price-to-earnings-growth ratio of 3.11 and a beta of 1.45. The stock's fifty day moving average is $103.94 and its 200 day moving average is $113.14. The Trade Desk, Inc. has a one year low of $63.82 and a one year high of $141.53.

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Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. On average, equities research analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

TTD has been the topic of a number of research reports. Oppenheimer dropped their target price on shares of Trade Desk from $135.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Wedbush boosted their target price on shares of Trade Desk from $135.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, January 6th. Cantor Fitzgerald dropped their target price on shares of Trade Desk from $115.00 to $100.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Robert W. Baird dropped their target price on shares of Trade Desk from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, UBS Group boosted their target price on shares of Trade Desk from $116.00 to $148.00 and gave the company a "buy" rating in a research report on Friday, February 14th. 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $119.45.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares of the company's stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Samantha Jacobson sold 4,298 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is owned by company insiders.

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.