Global Retirement Partners LLC Has $1.71 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Global Retirement Partners LLC grew its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 136.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,514 shares of the technology company's stock after purchasing an additional 8,364 shares during the quarter. Global Retirement Partners LLC's holdings in Trade Desk were worth $1,706,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TTD. Baillie Gifford & Co. increased its stake in shares of Trade Desk by 4.7% during the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock valued at $4,245,218,000 after acquiring an additional 1,720,650 shares during the period. Jennison Associates LLC lifted its holdings in shares of Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock valued at $2,228,172,000 after buying an additional 2,013,047 shares during the period. Edgewood Management LLC boosted its stake in Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company's stock valued at $1,089,280,000 after buying an additional 5,675,571 shares in the last quarter. FMR LLC grew its holdings in Trade Desk by 1.3% during the third quarter. FMR LLC now owns 2,616,203 shares of the technology company's stock worth $286,867,000 after acquiring an additional 32,999 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Trade Desk by 3.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company's stock worth $231,294,000 after acquiring an additional 68,206 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Down 4.8 %

TTD traded down $3.67 on Friday, hitting $72.06. 12,810,867 shares of the stock traded hands, compared to its average volume of 7,245,894. The business has a fifty day moving average price of $115.27 and a two-hundred day moving average price of $114.88. The firm has a market capitalization of $35.57 billion, a PE ratio of 92.38, a P/E/G ratio of 3.15 and a beta of 1.45. The Trade Desk, Inc. has a 52 week low of $71.61 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 approved a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TTD shares. Royal Bank of Canada dropped their target price on shares of Trade Desk from $140.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Robert W. Baird cut their price objective on Trade Desk from $160.00 to $145.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Susquehanna decreased their target price on shares of Trade Desk from $150.00 to $135.00 and set a "positive" rating for the company in a report on Thursday, February 13th. Stifel Nicolaus decreased their price objective on shares of Trade Desk from $144.00 to $122.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, Loop Capital decreased their target price on Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $119.45.

Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 704,229 shares of the company's stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jay R. Grant sold 18,524 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of 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 disclosure for this sale can be found here. In the last quarter, insiders sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is currently owned by insiders.

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.