Schroder Investment Management Group Sells 103,160 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Schroder Investment Management Group lessened its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 639,126 shares of the technology company's stock after selling 103,160 shares during the quarter. Schroder Investment Management Group owned approximately 0.13% of Trade Desk worth $76,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new position in Trade Desk in the fourth quarter worth about $100,658,000. Allianz SE bought a new stake in shares of Trade Desk in the 4th quarter valued at approximately $266,000. Allstate Corp acquired a new position in shares of Trade Desk in the 4th quarter worth approximately $1,549,000. Brown Brothers Harriman & Co. lifted its position in shares of Trade Desk by 138.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,116 shares of the technology company's stock worth $131,000 after buying an additional 648 shares during the period. Finally, DnB Asset Management AS boosted its stake in Trade Desk by 8.2% in the 4th quarter. DnB Asset Management AS now owns 80,676 shares of the technology company's stock valued at $9,482,000 after buying an additional 6,096 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction 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 sale, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction 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 transaction, the insider now directly owns 90,709 shares of the company's stock, 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. Insiders own 9.72% of the company's stock.

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Analysts Set New Price Targets

TTD has been the subject of a number of analyst reports. Scotiabank cut their price objective on Trade Desk from $133.00 to $83.00 and set a "sector perform" rating for the company in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on shares of Trade Desk from $101.00 to $72.00 and set an "overweight" rating for the company in a research report on Monday. Royal Bank of Canada dropped their price objective on shares of Trade Desk from $120.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Needham & Company LLC reissued a "buy" rating and issued a $145.00 target price on shares of Trade Desk in a report on Thursday, March 13th. Finally, KeyCorp decreased their price target on Trade Desk from $130.00 to $74.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Trade Desk has an average rating of "Moderate Buy" and a consensus price target of $114.38.

Trade Desk Stock Performance

TTD traded down $0.80 on Wednesday, hitting $56.30. 9,894,371 shares of the company were exchanged, compared to its average volume of 4,852,295. The stock's fifty day moving average is $80.98 and its 200-day moving average is $107.36. The Trade Desk, Inc. has a 12 month low of $52.22 and a 12 month high of $141.53. The company has a market cap of $27.93 billion, a PE ratio of 72.18, a PEG ratio of 3.11 and a beta of 1.56.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced 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 return on equity of 16.38% and a net margin of 16.08%. As a group, equities research analysts expect 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 stock buyback program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

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.