L & S Advisors Inc Has $1.61 Million Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

L & S Advisors Inc trimmed its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 19.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,463 shares of the technology company’s stock after selling 3,980 shares during the period. L & S Advisors Inc’s holdings in Trade Desk were worth $1,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTD. Dimensional Fund Advisors LP grew its position in Trade Desk by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 724,612 shares of the technology company’s stock worth $52,149,000 after acquiring an additional 35,164 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Trade Desk by 39.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,139 shares of the technology company’s stock worth $82,000 after purchasing an additional 322 shares in the last quarter. Great Lakes Advisors LLC increased its position in Trade Desk by 11.5% during the fourth quarter. Great Lakes Advisors LLC now owns 7,042 shares of the technology company’s stock worth $507,000 after buying an additional 724 shares during the last quarter. Financial Advocates Investment Management raised its holdings in Trade Desk by 18.0% during the fourth quarter. Financial Advocates Investment Management now owns 5,818 shares of the technology company’s stock valued at $419,000 after buying an additional 886 shares in the last quarter. Finally, Level Four Advisory Services LLC lifted its position in shares of Trade Desk by 16.8% in the fourth quarter. Level Four Advisory Services LLC now owns 9,486 shares of the technology company’s stock worth $683,000 after buying an additional 1,365 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

NASDAQ:TTD opened at $105.84 on Wednesday. The company has a 50-day moving average of $98.07 and a 200-day moving average of $92.36. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $107.64. The company has a market capitalization of $51.77 billion, a price-to-earnings ratio of 264.60, a PEG ratio of 5.03 and a beta of 1.48.

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

Insider Activity at Trade Desk

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,606 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the transaction, the director now directly owns 3,516 shares in the company, valued at $351,846.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the sale, the director now owns 3,516 shares of the company’s stock, valued at $351,846.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jay R. Grant sold 141,434 shares of Trade Desk stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The disclosure for this sale can be found here. Insiders have sold a total of 599,163 shares of company stock valued at $61,246,529 in the last 90 days. 10.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Macquarie reissued an “outperform” rating and set a $115.00 price objective on shares of Trade Desk in a report on Friday, August 9th. Oppenheimer lifted their price target on shares of Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Wolfe Research started coverage on shares of Trade Desk in a report on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price objective for the company. Wedbush reiterated an “outperform” rating and issued a $115.00 target price (up previously from $110.00) on shares of Trade Desk in a report on Thursday, September 12th. Finally, Royal Bank of Canada boosted their target price on shares of Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.05.

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.