The Trade Desk, Inc. (NASDAQ:TTD) Stock Holdings Lowered by GoalVest Advisory LLC

GoalVest Advisory LLC trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 35.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 642 shares of the technology company’s stock after selling 360 shares during the quarter. GoalVest Advisory LLC’s holdings in Trade Desk were worth $75,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Park Place Capital Corp lifted its position in shares of Trade Desk by 2,772.3% during the 4th quarter. Park Place Capital Corp now owns 2,901 shares of the technology company’s stock valued at $341,000 after acquiring an additional 2,800 shares during the last quarter. Albion Financial Group UT lifted its holdings in shares of Trade Desk by 1.0% during the fourth quarter. Albion Financial Group UT now owns 14,017 shares of the technology company’s stock valued at $1,647,000 after purchasing an additional 138 shares during the last quarter. Dakota Wealth Management boosted its position in shares of Trade Desk by 55.1% in the 4th quarter. Dakota Wealth Management now owns 26,930 shares of the technology company’s stock valued at $3,165,000 after purchasing an additional 9,564 shares during the period. Simon Quick Advisors LLC increased its stake in Trade Desk by 6.3% in the 4th quarter. Simon Quick Advisors LLC now owns 3,765 shares of the technology company’s stock worth $442,000 after purchasing an additional 223 shares in the last quarter. Finally, Beaumont Financial Advisors LLC acquired a new stake in Trade Desk during the 4th quarter worth about $242,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TTD. BMO Capital Markets lifted their target price on shares of Trade Desk from $125.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. KeyCorp lifted their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. UBS Group boosted their target price on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Finally, Wedbush lifted their price target on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.13.

Trade Desk Stock Performance

Shares of TTD stock opened at $120.69 on Thursday. The stock’s 50 day simple moving average is $125.93 and its 200 day simple moving average is $113.29. The Trade Desk, Inc. has a twelve month low of $66.56 and a twelve month high of $141.53. The company has a market capitalization of $59.57 billion, a price-to-earnings ratio of 197.85, a PEG ratio of 3.94 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The firm had revenue of $628.02 million during the quarter, compared to the consensus estimate of $619.89 million. During the same period in the prior year, the business earned $0.08 EPS. On average, analysts forecast that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value 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 $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.72% 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.