The Trade Desk, Inc. (NASDAQ:TTD) is In Depth Partners LLC's 5th Largest Position

In Depth Partners LLC lowered its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 10.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,623 shares of the technology company's stock after selling 10,696 shares during the period. Trade Desk accounts for about 11.3% of In Depth Partners LLC's investment portfolio, making the stock its 5th largest holding. In Depth Partners LLC's holdings in Trade Desk were worth $10,651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lyell Wealth Management LP boosted its holdings in Trade Desk by 24.3% in the 4th quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company's stock worth $11,558,000 after buying an additional 19,204 shares during the period. Nordea Investment Management AB boosted its stake in shares of Trade Desk by 36.2% during the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company's stock worth $159,132,000 after purchasing an additional 358,350 shares during the period. Assenagon Asset Management S.A. grew its position in Trade Desk by 276.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 70,237 shares of the technology company's stock valued at $8,255,000 after acquiring an additional 51,603 shares during the last quarter. Independent Solutions Wealth Management LLC boosted its position in Trade Desk by 21.0% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 64,358 shares of the technology company's stock valued at $7,057,000 after buying an additional 11,181 shares during the period. Finally, Moody National Bank Trust Division purchased a new position in Trade Desk during the 4th quarter worth $985,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Stock Up 6.4 %

Trade Desk stock opened at $53.27 on Friday. The stock has a market cap of $26.43 billion, a P/E ratio of 68.29, a P/E/G ratio of 3.11 and a beta of 1.56. The Trade Desk, Inc. has a 52 week low of $42.96 and a 52 week high of $141.53. The company's 50 day moving average price is $58.22 and its two-hundred day moving average price is $99.92.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current year.

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

Insider Activity

In related news, insider Samantha Jacobson sold 4,298 shares of the 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 sale, the insider now directly owns 90,709 shares of the company's stock, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 9.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TTD. JMP Securities cut their price target on shares of Trade Desk from $150.00 to $115.00 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. Citigroup decreased their target price on shares of Trade Desk from $140.00 to $108.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Benchmark raised shares of Trade Desk from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Oppenheimer reduced their target price on shares of Trade Desk from $135.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Finally, Stifel Nicolaus cut their target price on Trade Desk from $122.00 to $87.00 and set a "buy" rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Trade Desk presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.90.

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.