Riverbridge Partners LLC Sells 85,032 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Riverbridge Partners LLC reduced its position in The Trade Desk, Inc. (NASDAQ:TTD) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 350,704 shares of the technology company’s stock after selling 85,032 shares during the quarter. Riverbridge Partners LLC owned about 0.07% of Trade Desk worth $41,218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC grew its position in Trade Desk by 3.9% in the second quarter. AE Wealth Management LLC now owns 4,176 shares of the technology company’s stock valued at $408,000 after acquiring an additional 155 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Trade Desk by 58.7% during the 2nd quarter. Pacer Advisors Inc. now owns 48,876 shares of the technology company’s stock valued at $4,774,000 after purchasing an additional 18,087 shares during the last quarter. Sei Investments Co. increased its position in Trade Desk by 19.9% during the 2nd quarter. Sei Investments Co. now owns 295,240 shares of the technology company’s stock worth $28,836,000 after purchasing an additional 49,052 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Trade Desk by 19.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the technology company’s stock valued at $98,000 after purchasing an additional 176 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in Trade Desk by 60.8% in the second quarter. Bank of Montreal Can now owns 644,779 shares of the technology company’s stock valued at $63,143,000 after buying an additional 243,771 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TTD. Benchmark reiterated a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a research note on Friday, November 8th. Citizens Jmp upgraded Trade Desk to a “strong-buy” rating in a research report on Tuesday. Susquehanna restated a “positive” rating and set a $150.00 price target on shares of Trade Desk in a report on Thursday, November 21st. Stifel Nicolaus lifted their target price on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Wells Fargo & Company upped their price target on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average target price of $133.13.

Trade Desk Price Performance

NASDAQ TTD opened at $120.69 on Thursday. The company’s 50 day simple moving average is $125.93 and its two-hundred day simple moving average is $113.29. The stock has a market capitalization of $59.57 billion, a PE ratio of 197.85, a P/E/G ratio of 3.94 and a beta of 1.45. The Trade Desk, Inc. has a 1 year low of $66.56 and a 1 year high of $141.53.

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

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the business’s 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 completion of the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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 transaction of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. The trade was 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 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.