Stiles Financial Services Inc Sells 2,200 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Stiles Financial Services Inc trimmed its position in The Trade Desk, Inc. (NASDAQ:TTD) by 26.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 6,040 shares of the technology company’s stock after selling 2,200 shares during the quarter. Stiles Financial Services Inc’s holdings in Trade Desk were worth $662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. AIA Group Ltd grew its stake in shares of Trade Desk by 12.1% during the third quarter. AIA Group Ltd now owns 50,305 shares of the technology company’s stock worth $5,516,000 after acquiring an additional 5,449 shares during the last quarter. TFB Advisors LLC acquired a new stake in Trade Desk in the 3rd quarter worth approximately $402,000. Concurrent Investment Advisors LLC boosted its stake in Trade Desk by 4.9% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 9,222 shares of the technology company’s stock worth $1,011,000 after purchasing an additional 434 shares in the last quarter. Focused Wealth Management Inc grew its position in Trade Desk by 4.1% during the 3rd quarter. Focused Wealth Management Inc now owns 4,815 shares of the technology company’s stock worth $528,000 after purchasing an additional 190 shares during the last quarter. Finally, Heritage Investors Management Corp increased its stake in Trade Desk by 3.9% during the 3rd quarter. Heritage Investors Management Corp now owns 5,092 shares of the technology company’s stock valued at $558,000 after purchasing an additional 192 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trade Desk

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,606 shares of the business’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 transaction, the director now owns 3,516 shares in the company, valued at $351,846.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Andrea Lee Cunningham sold 1,606 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $100.07, for a total value of $160,712.42. Following the transaction, the director now owns 3,516 shares in the company, valued at approximately $351,846.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the sale, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock valued at $170,121,565 over the last 90 days. 9.72% of the stock is owned by corporate insiders.

Trade Desk Price Performance

NASDAQ TTD opened at $118.69 on Friday. The company has a market cap of $58.35 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 1-year low of $60.23 and a 1-year high of $132.65. The stock has a 50-day moving average of $112.41 and a two-hundred day moving average of $100.68.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $578.03 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. The company’s revenue was up 25.9% on a year-over-year basis. On average, analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Royal Bank of Canada raised their target price on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Piper Sandler restated an “overweight” rating and issued a $140.00 price objective (up from $110.00) on shares of Trade Desk in a research note on Friday. Truist Financial upped their target price on Trade Desk from $108.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus raised their price target 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, Loop Capital upped their price objective on shares of Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $117.08.

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.