Entropy Technologies LP Sells 18,456 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Entropy Technologies LP decreased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 60.5% in the third quarter, HoldingsChannel.com reports. The fund owned 12,044 shares of the technology company’s stock after selling 18,456 shares during the quarter. Entropy Technologies LP’s holdings in Trade Desk were worth $1,321,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TTD. 1832 Asset Management L.P. lifted its position in shares of Trade Desk by 10.5% in the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock worth $278,623,000 after buying an additional 270,800 shares in the last quarter. Jericho Capital Asset Management L.P. lifted its position in shares of Trade Desk by 4.3% in the first quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock worth $211,500,000 after buying an additional 100,000 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after buying an additional 872,555 shares in the last quarter. Victory Capital Management Inc. raised its position in Trade Desk by 12.3% during the second quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company’s stock valued at $159,151,000 after purchasing an additional 177,832 shares during the period. Finally, TD Asset Management Inc raised its position in Trade Desk by 10.7% during the second quarter. TD Asset Management Inc now owns 1,592,578 shares of the technology company’s stock valued at $155,547,000 after purchasing an additional 153,748 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

NASDAQ TTD opened at $127.25 on Thursday. The stock has a 50-day simple moving average of $114.45 and a two-hundred day simple moving average of $102.09. The firm has a market capitalization of $62.55 billion, a P/E ratio of 208.61, a PEG ratio of 6.25 and a beta of 1.47. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $132.65.

Insider Buying and Selling at Trade Desk

In other news, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the sale, the insider now directly owns 99,374 shares in the company, valued at $9,887,713. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the sale, the insider now directly owns 99,374 shares in the company, valued at $9,887,713. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the sale, the chief executive officer now owns 380,832 shares in the company, valued at $39,682,694.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,556,291 shares of company stock worth $169,960,852. Insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TTD shares. KeyCorp upped their price objective on Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley increased their price objective on Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Susquehanna increased their price objective on Trade Desk from $135.00 to $150.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Wells Fargo & Company started coverage on Trade Desk in a research report on Monday, October 28th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Robert W. Baird increased their target price on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.65.

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.