Pictet Asset Management Holding SA Sells 9,813 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Pictet Asset Management Holding SA trimmed its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,627 shares of the technology company's stock after selling 9,813 shares during the quarter. Pictet Asset Management Holding SA's holdings in Trade Desk were worth $26,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TTD. Rialto Wealth Management LLC bought a new position in Trade Desk in the fourth quarter valued at about $26,000. Harbor Investment Advisory LLC lifted its stake in shares of Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock worth $34,000 after purchasing an additional 117 shares during the period. Synergy Asset Management LLC bought a new position in shares of Trade Desk in the 4th quarter worth approximately $34,000. Midwest Capital Advisors LLC purchased a new position in shares of Trade Desk in the fourth quarter worth approximately $34,000. Finally, Zions Bancorporation N.A. grew its position in Trade Desk by 148.3% during the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock valued at $34,000 after buying an additional 175 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTD has been the topic of several analyst reports. Cfra Research upgraded shares of Trade Desk to a "moderate buy" rating in a research note on Tuesday, March 25th. Scotiabank lowered their target price on Trade Desk from $133.00 to $83.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 13th. Benchmark upgraded Trade Desk from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. UBS Group raised their price objective on Trade Desk from $116.00 to $148.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Oppenheimer cut their price objective on Trade Desk from $135.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.38.

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Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.72% of the company's stock.

Trade Desk Stock Down 5.8 %

TTD traded down $2.84 on Friday, hitting $46.24. The company had a trading volume of 15,267,052 shares, compared to its average volume of 4,962,455. The business's fifty day simple moving average is $78.11 and its 200 day simple moving average is $106.55. The Trade Desk, Inc. has a 12-month low of $45.02 and a 12-month high of $141.53. The company has a market cap of $22.94 billion, a PE ratio of 59.28, a PEG ratio of 3.11 and a beta of 1.56.

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

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

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.