Knuff & Co LLC Has $13.92 Million Position in The Trade Desk, Inc. (NASDAQ:TTD)

Knuff & Co LLC trimmed its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,446 shares of the technology company's stock after selling 6,866 shares during the quarter. Trade Desk makes up about 4.2% of Knuff & Co LLC's investment portfolio, making the stock its 5th biggest position. Knuff & Co LLC's holdings in Trade Desk were worth $13,921,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on TTD shares. Wolfe Research increased their price target on shares of Trade Desk from $140.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Susquehanna reduced their price target 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. Macquarie increased their price target on shares of Trade Desk from $133.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Scotiabank decreased their price target on shares of Trade Desk from $133.00 to $83.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Finally, New Street Research upgraded shares of Trade Desk from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $85.00 to $115.00 in a research report on Monday, November 25th. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $119.45.

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Trade Desk Stock Performance

NASDAQ TTD opened at $58.84 on Wednesday. The Trade Desk, Inc. has a one year low of $58.57 and a one year high of $141.53. The firm has a market capitalization of $29.19 billion, a price-to-earnings ratio of 75.44, a PEG ratio of 3.11 and a beta of 1.63. The company's 50 day moving average price is $102.74 and its 200 day moving average price is $112.90.

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

Trade Desk declared that its Board of Directors has approved a share repurchase program on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, insider Jay R. Grant sold 18,524 shares of the firm's stock in a transaction that occurred on 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 owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % 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 hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares of the company's stock, valued at $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock worth $5,004,296 in the last 90 days. Corporate insiders own 9.72% 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.

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