HighTower Advisors LLC decreased its position in The Trade Desk, Inc. (NASDAQ:TTD – Free Report) 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
Get Our Latest Analysis on TTD
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 – Get Free Report) 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.
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