Consolidated Portfolio Review Corp Sells 1,299 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Consolidated Portfolio Review Corp lessened its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 29.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,170 shares of the technology company’s stock after selling 1,299 shares during the period. Consolidated Portfolio Review Corp’s holdings in Trade Desk were worth $228,000 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. 9258 Wealth Management LLC increased its stake in Trade Desk by 2.2% in the third quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock valued at $476,000 after purchasing an additional 131 shares in the last quarter. Latitude Advisors LLC increased its position in shares of Trade Desk by 5.0% in the 3rd quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock valued at $220,000 after buying an additional 133 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in Trade Desk by 8.7% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,875 shares of the technology company’s stock worth $147,000 after buying an additional 150 shares during the period. Level Financial Advisors Inc. lifted its holdings in Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after acquiring an additional 150 shares in the last quarter. Finally, Mutual Advisors LLC lifted its holdings in Trade Desk by 3.6% during the fourth quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock worth $324,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TTD shares. BMO Capital Markets raised their price target on Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. BTIG Research upped their price target on shares of Trade Desk from $91.00 to $98.00 and gave the company a “buy” rating in a report on Friday, February 23rd. KeyCorp increased their price objective on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Trade Desk in a research note on Thursday, March 21st. Finally, Wells Fargo & Company increased their target price on Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $89.75.

Insider Transactions at Trade Desk

In related news, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total transaction of $188,217.24. Following the sale, the director now owns 36,312 shares of the company’s stock, valued at $2,278,941.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Trade Desk news, Director Gokul Rajaram sold 2,999 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total value of $188,217.24. Following the sale, the director now owns 36,312 shares of the company’s stock, valued at approximately $2,278,941.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Samantha Jacobson sold 15,006 shares of Trade Desk stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the sale, the insider now directly owns 52,387 shares in the company, valued at $4,377,981.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 492,569 shares of company stock valued at $41,213,950. 10.81% of the stock is currently owned by company insiders.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $86.37 on Monday. The Trade Desk, Inc. has a one year low of $59.36 and a one year high of $94.00. The firm has a market cap of $42.23 billion, a price-to-earnings ratio of 239.92, a P/E/G ratio of 4.76 and a beta of 1.50. The stock’s fifty day moving average price is $81.89 and its two-hundred day moving average price is $75.55.

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

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.