Gulf International Bank UK Ltd Has $4.09 Million Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Gulf International Bank UK Ltd decreased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,827 shares of the technology company’s stock after selling 344 shares during the period. Gulf International Bank UK Ltd’s holdings in Trade Desk were worth $4,093,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Arkadios Wealth Advisors bought a new position in Trade Desk during the third quarter valued at about $302,000. abrdn plc lifted its stake in shares of Trade Desk by 57.2% in the third quarter. abrdn plc now owns 79,618 shares of the technology company’s stock valued at $8,730,000 after buying an additional 28,967 shares during the period. Diversify Advisory Services LLC lifted its position in shares of Trade Desk by 33.1% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,891 shares of the technology company’s stock worth $463,000 after acquiring an additional 967 shares during the period. First Trust Direct Indexing L.P. boosted its stake in Trade Desk by 5.0% during the third quarter. First Trust Direct Indexing L.P. now owns 16,712 shares of the technology company’s stock worth $1,832,000 after buying an additional 802 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its position in shares of Trade Desk by 34.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 2,895 shares of the technology company’s stock valued at $317,000 after acquiring an additional 743 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on TTD shares. UBS Group upped their price target on Trade Desk from $116.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Morgan Stanley decreased their price objective on Trade Desk from $145.00 to $132.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Citigroup dropped their price target on shares of Trade Desk from $140.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Finally, Wells Fargo & Company dropped their price objective on Trade Desk from $142.00 to $101.00 and set an “overweight” rating for the company in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and an average target price of $119.45.

Trade Desk Stock Performance

Trade Desk stock opened at $71.49 on Friday. The stock has a 50-day simple moving average of $110.70 and a 200 day simple moving average of $114.44. The stock has a market capitalization of $35.29 billion, a P/E ratio of 91.65, a PEG ratio of 3.11 and a beta of 1.45. The Trade Desk, Inc. has a 52 week low of $70.44 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its 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 return on equity of 16.38% and a net margin of 16.08%. Research analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction dated 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. The trade was a 2.52 % decrease in their position. 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 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.