Fox Run Management L.L.C. Purchases 13,072 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Fox Run Management L.L.C. raised its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 452.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,963 shares of the technology company's stock after purchasing an additional 13,072 shares during the period. Trade Desk accounts for approximately 0.3% of Fox Run Management L.L.C.'s holdings, making the stock its 23rd biggest holding. Fox Run Management L.L.C.'s holdings in Trade Desk were worth $1,876,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TTD. Edgewood Management LLC lifted its stake in Trade Desk by 133.3% in the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company's stock valued at $1,089,280,000 after buying an additional 5,675,571 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Trade Desk in the 4th quarter valued at approximately $231,570,000. National Pension Service boosted its stake in Trade Desk by 104.1% during the 4th quarter. National Pension Service now owns 1,264,985 shares of the technology company's stock worth $148,674,000 after acquiring an additional 645,240 shares during the last quarter. Wellington Management Group LLP grew its holdings in Trade Desk by 55.3% during the third quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company's stock valued at $169,892,000 after purchasing an additional 551,925 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Trade Desk by 1,809.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 444,616 shares of the technology company's stock valued at $48,752,000 after purchasing an additional 421,333 shares during the period. Institutional investors own 67.77% of the company's stock.

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Insider Buying and Selling

In related news, insider Jay R. Grant sold 18,524 shares of Trade Desk 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 directly owns 169,464 shares of the company's stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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 have sold 41,029 shares of company stock worth $5,004,296 in the last 90 days. Insiders own 9.72% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TTD shares. Loop Capital decreased their price target on shares of Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Oppenheimer lowered their price target on Trade Desk from $135.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Susquehanna cut their price objective on Trade Desk from $150.00 to $135.00 and set a "positive" rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus decreased their price objective on Trade Desk from $144.00 to $122.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, Evercore ISI downgraded shares of Trade Desk from an "outperform" rating to an "inline" rating and dropped their target price for the stock from $135.00 to $90.00 in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Trade Desk has an average rating of "Moderate Buy" and an average price target of $116.41.

Trade Desk Trading Up 2.2 %

NASDAQ TTD traded up $1.32 during trading on Tuesday, hitting $60.66. 7,452,624 shares of the company's stock were exchanged, compared to its average volume of 4,612,898. The company has a market cap of $30.09 billion, a PE ratio of 77.92, a P/E/G ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a fifty-two week low of $53.39 and a fifty-two week high of $141.53. The stock's 50 day moving average price is $89.97 and its two-hundred day moving average price is $109.60.

Trade Desk (NASDAQ:TTD - Get Free Report) last released 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%. Analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has approved a share repurchase program on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in 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 a sign that the company's management believes its stock is undervalued.

About Trade Desk

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.