Bensler LLC Lowers Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Bensler LLC trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,100 shares of the technology company’s stock after selling 1,406 shares during the quarter. Bensler LLC’s holdings in Trade Desk were worth $6,919,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TTD. 1832 Asset Management L.P. lifted its position in shares of Trade Desk by 10.5% during the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after buying an additional 270,800 shares during the last quarter. Jericho Capital Asset Management L.P. boosted its stake in Trade Desk by 4.3% in the first quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock valued at $211,500,000 after acquiring an additional 100,000 shares in the last quarter. Marshall Wace LLP grew its holdings in Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after purchasing an additional 872,555 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Trade Desk by 12.3% during the second quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company’s stock worth $159,151,000 after purchasing an additional 177,832 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Trade Desk by 10.7% during the 2nd quarter. TD Asset Management Inc now owns 1,592,578 shares of the technology company’s stock valued at $155,547,000 after purchasing an additional 153,748 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 6.2 %

TTD stock opened at $132.53 on Friday. The stock has a market capitalization of $65.15 billion, a P/E ratio of 265.06, a P/E/G ratio of 6.00 and a beta of 1.47. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $132.65. The firm has a 50-day simple moving average of $112.41 and a 200-day simple moving average of $100.68.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The business’s revenue was up 25.9% compared to the same quarter last year. On average, analysts expect that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of research analyst reports. Macquarie increased their price target on Trade Desk from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Wolfe Research initiated coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 target price for the company. Citigroup raised their price target on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Royal Bank of Canada boosted their price objective on shares of Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, Morgan Stanley raised their target price on Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.60.

Insider Activity at Trade Desk

In other news, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now directly owns 99,374 shares of the company’s stock, valued at approximately $9,887,713. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Trade Desk news, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.33, for a total value of $310,902.90. Following the completion of the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at $68,930,351.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now owns 99,374 shares in the company, valued at approximately $9,887,713. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,557,897 shares of company stock valued at $170,121,565. 9.72% of the stock is owned by insiders.

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.