Leibman Financial Services Inc. Cuts Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Leibman Financial Services Inc. trimmed its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,393 shares of the technology company’s stock after selling 3,054 shares during the period. Trade Desk comprises about 2.3% of Leibman Financial Services Inc.’s investment portfolio, making the stock its 17th biggest position. Leibman Financial Services Inc.’s holdings in Trade Desk were worth $3,102,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ithaka Group LLC increased its holdings in shares of Trade Desk by 4.5% in the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after purchasing an additional 4,836 shares during the last quarter. Venture Visionary Partners LLC boosted its stake in Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after buying an additional 4,296 shares during the period. Nordea Investment Management AB increased its position in Trade Desk by 36.2% during the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after acquiring an additional 358,350 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after acquiring an additional 70,687 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Trade Desk by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after purchasing an additional 4,500 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,086 shares of company stock worth $4,654,466 in the last ninety days. 9.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on TTD. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $85.00 to $115.00 in a research note on Monday, November 25th. Macquarie lifted their price objective on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Needham & Company LLC raised their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Wedbush increased their target price on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company upped their price target on Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and an average target price of $130.76.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $117.89 on Tuesday. The business’s fifty day moving average price is $126.72 and its two-hundred day moving average price is $112.13. The company has a market capitalization of $58.19 billion, a P/E ratio of 193.26, a PEG ratio of 6.00 and a beta of 1.45. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $141.53.

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.