SG Americas Securities LLC Decreases Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

SG Americas Securities LLC lessened its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 77.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,515 shares of the technology company's stock after selling 11,985 shares during the period. SG Americas Securities LLC's holdings in Trade Desk were worth $385,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. 1832 Asset Management L.P. grew its stake in Trade Desk by 10.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company's stock worth $278,623,000 after purchasing an additional 270,800 shares in the last quarter. Jericho Capital Asset Management L.P. lifted its position in Trade Desk by 4.3% in the first quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company's stock valued at $211,500,000 after purchasing an additional 100,000 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Trade Desk by 3.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,898,159 shares of the technology company's stock valued at $165,937,000 after acquiring an additional 59,161 shares during the period. Marshall Wace LLP boosted its position in Trade Desk by 100.2% during the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company's stock worth $170,275,000 after purchasing an additional 872,555 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Trade Desk by 12.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company's stock valued at $159,151,000 after acquiring an additional 177,832 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Trading Up 1.0 %

TTD stock traded up $1.13 during midday trading on Friday, hitting $118.76. The company had a trading volume of 2,627,551 shares, compared to its average volume of 3,812,920. The stock has a market cap of $58.09 billion, a price-to-earnings ratio of 296.90, a PEG ratio of 5.68 and a beta of 1.48. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $119.43. The stock's 50 day moving average price is $107.16 and its 200 day moving average price is $97.14.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. The firm had revenue of $584.55 million for the quarter, compared to analysts' expectations of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company's quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS. Analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Insider Activity at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the transaction, the director now directly owns 32,701 shares in the company, valued at $3,216,797.37. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Gokul Rajaram sold 1,355 shares of the business's stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the sale, the director now directly owns 32,701 shares of the company's stock, valued at $3,216,797.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of the firm's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the transaction, the chief financial officer now directly owns 693,953 shares of the company's stock, valued at approximately $80,102,994.79. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,557,897 shares of company stock valued at $170,095,115. Insiders own 10.18% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTD. StockNews.com upgraded Trade Desk from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Loop Capital increased their target price on Trade Desk from $109.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, August 26th. Macquarie upped their price target on Trade Desk from $115.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, October 11th. Wolfe Research assumed coverage on Trade Desk in a research note on Tuesday, July 16th. They issued an "outperform" rating and a $115.00 price target for the company. Finally, Royal Bank of Canada upped their price target on shares of Trade Desk from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $112.97.

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.