Pacific Wealth Strategies Group Inc. Cuts Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Pacific Wealth Strategies Group Inc. decreased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,605 shares of the technology company’s stock after selling 309 shares during the period. Trade Desk accounts for approximately 1.3% of Pacific Wealth Strategies Group Inc.’s holdings, making the stock its 23rd biggest holding. Pacific Wealth Strategies Group Inc.’s holdings in Trade Desk were worth $1,339,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TTD. NBC Securities Inc. bought a new position in shares of Trade Desk in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new stake in Trade Desk in the third quarter worth about $26,000. Cullen Frost Bankers Inc. bought a new stake in Trade Desk in the third quarter worth about $29,000. Level Financial Advisors Inc. lifted its stake in Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after purchasing an additional 150 shares during the last quarter. Finally, Ancora Advisors LLC lifted its stake in Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock worth $38,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Jay R. Grant sold 2,136 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trade Desk news, Director Kathryn E. Falberg sold 103,030 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $81.90, for a total value of $8,438,157.00. Following the completion of the transaction, the director now owns 242,609 shares of the company’s stock, valued at approximately $19,869,677.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 2,136 shares of the firm’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 completion of the sale, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 492,170 shares of company stock valued at $41,250,398. Company insiders own 10.18% of the company’s stock.

Trade Desk Price Performance

NASDAQ:TTD traded up $2.54 during mid-day trading on Wednesday, hitting $83.61. The company’s stock had a trading volume of 2,254,873 shares, compared to its average volume of 4,482,353. The business’s fifty day moving average is $83.05 and its two-hundred day moving average is $75.63. The stock has a market cap of $40.88 billion, a price-to-earnings ratio of 225.20, a PEG ratio of 4.29 and a beta of 1.50. The Trade Desk, Inc. has a 1 year low of $59.36 and a 1 year high of $94.00.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The firm had revenue of $605.80 million for the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. Analysts anticipate that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on TTD. Seaport Res Ptn reissued a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. KeyCorp lifted their price target on shares of Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Stephens reaffirmed an “overweight” rating and set a $85.00 price target on shares of Trade Desk in a research note on Friday, February 16th. Benchmark lifted their price target on shares of Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research note on Friday, February 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Trade Desk in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.75.

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.