HighTower Advisors LLC Has $13 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

HighTower Advisors LLC decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 28.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,570 shares of the technology company’s stock after selling 45,004 shares during the period. HighTower Advisors LLC’s holdings in Trade Desk were worth $12,995,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TTD. Kovack Advisors Inc. acquired a new position in Trade Desk in the 3rd quarter valued at approximately $201,000. KBC Group NV grew its stake in shares of Trade Desk by 22.2% in the 3rd quarter. KBC Group NV now owns 113,097 shares of the technology company’s stock valued at $12,401,000 after purchasing an additional 20,576 shares during the period. Huntington National Bank grew its stake in shares of Trade Desk by 22.9% in the 3rd quarter. Huntington National Bank now owns 1,729 shares of the technology company’s stock valued at $190,000 after purchasing an additional 322 shares during the period. Metis Global Partners LLC grew its stake in shares of Trade Desk by 7.0% in the 3rd quarter. Metis Global Partners LLC now owns 7,298 shares of the technology company’s stock valued at $800,000 after purchasing an additional 478 shares during the period. Finally, OneDigital Investment Advisors LLC grew its stake in shares of Trade Desk by 7.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,737 shares of the technology company’s stock valued at $848,000 after purchasing an additional 513 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Jay R. Grant sold 18,524 shares of the firm’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 sale, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TTD shares. Robert W. Baird lowered their price objective on Trade Desk from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Citizens Jmp upgraded Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. JMP Securities lowered their price objective on 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. Benchmark upgraded Trade Desk from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Royal Bank of Canada decreased their price target on Trade Desk from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $119.45.

Trade Desk Stock Up 0.1 %

TTD stock opened at $53.94 on Monday. The business’s fifty day moving average is $97.79 and its 200-day moving average is $111.58. The company has a market cap of $26.76 billion, a P/E ratio of 69.15, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a twelve month low of $53.42 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. Research analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has initiated a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.