The Trade Desk $TTD Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its position in shares of The Trade Desk (NASDAQ:TTDFree Report) by 89.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,994 shares of the technology company’s stock after selling 103,385 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Trade Desk were worth $455,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Trade Desk by 27.7% during the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after buying an additional 12,321,000 shares in the last quarter. State Street Corp increased its position in Trade Desk by 271.1% during the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after buying an additional 26,559,005 shares in the last quarter. Invesco Ltd. increased its position in Trade Desk by 101.0% during the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after buying an additional 3,421,074 shares in the last quarter. Jericho Capital Asset Management L.P. grew its position in shares of Trade Desk by 86.3% in the third quarter. Jericho Capital Asset Management L.P. now owns 4,067,000 shares of the technology company’s stock valued at $199,324,000 after purchasing an additional 1,884,000 shares during the period. Finally, Northern Trust Corp grew its position in shares of Trade Desk by 34.3% in the third quarter. Northern Trust Corp now owns 3,893,963 shares of the technology company’s stock valued at $190,843,000 after purchasing an additional 993,739 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

NASDAQ:TTD opened at $22.29 on Thursday. The Trade Desk has a one year low of $19.74 and a one year high of $91.45. The business’s 50-day simple moving average is $22.37 and its 200 day simple moving average is $29.98. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 1.07 and a beta of 1.10.

Trade Desk (NASDAQ:TTDGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The business had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 million. During the same quarter last year, the firm posted $0.33 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that The Trade Desk will post 1.17 EPS for the current year.

Trade Desk announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 25th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TTD shares. Rosenblatt Securities lowered their price objective on Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Moffett Nathanson reaffirmed a “neutral” rating and issued a $32.00 price objective on shares of Trade Desk in a research report on Thursday, February 26th. Benchmark lowered their price objective on Trade Desk from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Morgan Stanley set a $26.00 price objective on Trade Desk in a research report on Friday, May 8th. Finally, KeyCorp cut Trade Desk from an “overweight” rating to a “sector weight” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.61.

Get Our Latest Stock Report on TTD

Insiders Place Their Bets

In related news, Director Kathryn E. Falberg sold 50,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.41% of the stock is currently owned by corporate insiders.

Trade Desk Company Profile

(Free Report)

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

See Also

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk (NASDAQ:TTDFree Report).

Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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