Farther Finance Advisors LLC Sells 560 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Farther Finance Advisors LLC cut its position in The Trade Desk, Inc. (NASDAQ:TTD) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,775 shares of the technology company’s stock after selling 560 shares during the quarter. Farther Finance Advisors LLC’s holdings in Trade Desk were worth $209,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TTD. Edgewood Management LLC increased its holdings in shares of Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after acquiring an additional 5,675,571 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Trade Desk by 11.0% during the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after acquiring an additional 2,013,047 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Trade Desk during the fourth quarter valued at about $231,570,000. National Pension Service increased its holdings in shares of Trade Desk by 104.1% during the fourth quarter. National Pension Service now owns 1,264,985 shares of the technology company’s stock valued at $148,674,000 after acquiring an additional 645,240 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Trade Desk by 55.3% during the third quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company’s stock valued at $169,892,000 after acquiring an additional 551,925 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Performance

Shares of TTD stock opened at $55.32 on Thursday. The stock’s fifty day moving average is $93.70 and its two-hundred day moving average is $110.50. The firm has a market capitalization of $27.44 billion, a P/E ratio of 70.92, a PEG ratio of 3.11 and a beta of 1.63. The Trade Desk, Inc. has a fifty-two week low of $53.39 and a fifty-two week high of $141.53.

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

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

Analyst Ratings Changes

Several research firms have recently issued reports on TTD. Scotiabank cut their price objective on shares of Trade Desk from $133.00 to $83.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and upped their target price for the company from $85.00 to $115.00 in a research report on Monday, November 25th. Benchmark upgraded Trade Desk from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Oppenheimer dropped their target price on Trade Desk from $135.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, BMO Capital Markets lowered their price objective on Trade Desk from $160.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Six equities 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.41.

Insider Buying and Selling at Trade Desk

In other news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,029 shares of company stock worth $5,004,296. Corporate insiders own 9.72% of the company’s stock.

About Trade Desk

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.