Financial Counselors Inc. Sells 2,241 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Financial Counselors Inc. reduced its position in The Trade Desk, Inc. (NASDAQ:TTD) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,591 shares of the technology company’s stock after selling 2,241 shares during the quarter. Financial Counselors Inc.’s holdings in Trade Desk were worth $6,769,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. SwitchPoint Financial Planning LLC acquired a new stake in Trade Desk during the fourth quarter valued at approximately $236,000. Murphy & Mullick Capital Management Corp acquired a new stake in Trade Desk in the 4th quarter valued at $601,000. Meiji Yasuda Asset Management Co Ltd. grew its position in Trade Desk by 34.3% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,245 shares of the technology company’s stock valued at $969,000 after acquiring an additional 2,105 shares during the period. Zions Bancorporation N.A. raised its stake in Trade Desk by 148.3% during the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock worth $34,000 after acquiring an additional 175 shares in the last quarter. Finally, TIAA Trust National Association lifted its holdings in shares of Trade Desk by 892.3% during the fourth quarter. TIAA Trust National Association now owns 22,902 shares of the technology company’s stock valued at $2,692,000 after acquiring an additional 20,594 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In other news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is owned by company insiders.

Trade Desk Stock Performance

NASDAQ:TTD opened at $58.80 on Thursday. The Trade Desk, Inc. has a 52-week low of $53.39 and a 52-week high of $141.53. The company has a market cap of $29.17 billion, a P/E ratio of 75.38, a P/E/G ratio of 3.11 and a beta of 1.63. The stock’s 50-day simple moving average is $87.66 and its 200 day simple moving average is $108.97.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. As a group, equities analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TTD. Susquehanna dropped their target price on shares of Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday, February 13th. Robert W. Baird cut their target price on shares of Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Wedbush increased their price target on Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Piper Sandler reissued an “overweight” rating and issued a $110.00 price objective (down previously from $140.00) on shares of Trade Desk in a research note on Thursday, February 13th. Finally, KeyCorp lowered their target price on Trade Desk from $130.00 to $74.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.41.

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.