LRT Capital Management LLC Sells 4,683 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

LRT Capital Management LLC trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 23.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,555 shares of the technology company’s stock after selling 4,683 shares during the quarter. LRT Capital Management LLC’s holdings in Trade Desk were worth $1,119,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TTD. MetLife Investment Management LLC bought a new position in Trade Desk during the first quarter worth about $1,946,000. Synovus Financial Corp increased its holdings in Trade Desk by 32.8% in the 1st quarter. Synovus Financial Corp now owns 8,079 shares of the technology company’s stock valued at $561,000 after buying an additional 1,996 shares during the period. Vontobel Holding Ltd. increased its holdings in Trade Desk by 43.0% in the 1st quarter. Vontobel Holding Ltd. now owns 14,220 shares of the technology company’s stock valued at $1,019,000 after buying an additional 4,276 shares during the period. Aviva PLC increased its holdings in Trade Desk by 8.5% in the 1st quarter. Aviva PLC now owns 103,185 shares of the technology company’s stock valued at $7,146,000 after buying an additional 8,059 shares during the period. Finally, National Pension Service increased its holdings in Trade Desk by 11.2% in the 1st quarter. National Pension Service now owns 657,768 shares of the technology company’s stock valued at $45,550,000 after buying an additional 66,179 shares during the period. 67.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TTD shares. KeyCorp raised their target price on shares of Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Wells Fargo & Company raised their target price on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Stifel Nicolaus raised their target price on shares of Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Finally, BMO Capital Markets raised their price target on shares of Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average price target of $89.75.

Trade Desk Stock Down 4.3 %

TTD traded down $3.51 during trading on Friday, hitting $77.30. 3,113,783 shares of the company’s stock were exchanged, compared to its average volume of 2,522,256. The business’s 50 day moving average is $82.97 and its two-hundred day moving average is $75.65. The Trade Desk, Inc. has a fifty-two week low of $59.36 and a fifty-two week high of $94.00. The stock has a market cap of $37.80 billion, a P/E ratio of 214.73, a PEG ratio of 4.26 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The business had revenue of $605.80 million for the quarter, compared to analyst estimates of $582.61 million. On average, sell-side analysts forecast that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

Insiders Place Their Bets

In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the sale, the chief executive officer now owns 1,551,987 shares in the company, valued at $126,905,976.99. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jay R. Grant sold 2,136 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the sale, the insider now owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 492,170 shares of company stock worth $41,250,398. Insiders own 10.81% of the company’s stock.

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.