The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE decreased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 17.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 186,650 shares of the technology company’s stock after selling 38,950 shares during the period. Congress Wealth Management LLC DE’s holdings in Trade Desk were worth $21,937,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TTD. Vanguard Group Inc. raised its position in Trade Desk by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 42,670,254 shares of the technology company’s stock valued at $5,015,035,000 after purchasing an additional 253,137 shares during the last quarter. LPL Financial LLC raised its position in Trade Desk by 10.4% in the 4th quarter. LPL Financial LLC now owns 785,125 shares of the technology company’s stock valued at $92,276,000 after purchasing an additional 73,642 shares during the last quarter. Fox Run Management L.L.C. raised its position in Trade Desk by 452.2% in the 4th quarter. Fox Run Management L.L.C. now owns 15,963 shares of the technology company’s stock valued at $1,876,000 after purchasing an additional 13,072 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Trade Desk during the fourth quarter worth about $17,853,000. Finally, Sei Investments Co. grew its holdings in shares of Trade Desk by 5.6% during the fourth quarter. Sei Investments Co. now owns 347,726 shares of the technology company’s stock worth $40,870,000 after buying an additional 18,362 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Trading Up 0.8 %

NASDAQ TTD opened at $56.31 on Monday. The company has a 50-day moving average price of $91.14 and a two-hundred day moving average price of $109.91. The stock has a market cap of $27.93 billion, a price-to-earnings ratio of 72.19, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a 52 week low of $53.39 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. As a group, equities research analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Oppenheimer decreased their price objective on Trade Desk from $135.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Robert W. Baird cut their price target on Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. JMP Securities cut their price objective on shares of Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company lowered their target price on shares of Trade Desk from $142.00 to $101.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, UBS Group lifted their target price on shares of Trade Desk from $116.00 to $148.00 and gave the company a “buy” rating in a report on Friday, February 14th. Six 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.41.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction on Monday, December 30th. The shares were 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 directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is owned by corporate insiders.

Trade Desk 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.