Curbstone Financial Management Corp Has $1.65 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Curbstone Financial Management Corp cut its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,020 shares of the technology company’s stock after selling 1,050 shares during the period. Curbstone Financial Management Corp’s holdings in Trade Desk were worth $1,648,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Harbor Investment Advisory LLC boosted its stake in shares of Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Trade Desk during the fourth quarter worth approximately $35,000. Avior Wealth Management LLC raised its position in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the period. JFS Wealth Advisors LLC lifted its stake in shares of Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after buying an additional 247 shares during the last quarter. Finally, Brown Lisle Cummings Inc. boosted its holdings in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 150 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were 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 in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. 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 Trade Desk stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 549,684 shares of company stock worth $68,444,576. Insiders own 9.72% of the company’s stock.

Trade Desk Stock Down 0.7 %

Trade Desk stock opened at $119.10 on Tuesday. The stock has a 50-day simple moving average of $125.87 and a 200 day simple moving average of $113.80. The stock has a market capitalization of $58.78 billion, a price-to-earnings ratio of 195.25, a P/E/G ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 12-month low of $66.56 and a 12-month high of $141.53.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TTD. Stifel Nicolaus raised their price target on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Evercore ISI lifted their price target on Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Macquarie increased their price objective on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 target price on shares of Trade Desk in a research report on Monday, October 7th. Finally, DA Davidson boosted their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.13.

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.