Van Hulzen Asset Management LLC Sells 400 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Van Hulzen Asset Management LLC reduced its stake in shares of The Trade Desk, Inc. (NASDAQ:TTDGet Rating) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,650 shares of the technology company’s stock after selling 400 shares during the period. Van Hulzen Asset Management LLC’s holdings in Trade Desk were worth $518,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Morgan Stanley increased its stake in shares of Trade Desk by 1,101.8% in the second quarter. Morgan Stanley now owns 20,863,893 shares of the technology company’s stock worth $1,614,032,000 after purchasing an additional 19,127,872 shares during the period. Bank of America Corp DE increased its stake in shares of Trade Desk by 851.7% in the second quarter. Bank of America Corp DE now owns 1,490,756 shares of the technology company’s stock worth $115,326,000 after purchasing an additional 1,334,120 shares during the period. Baillie Gifford & Co. increased its stake in shares of Trade Desk by 2.4% in the fourth quarter. Baillie Gifford & Co. now owns 53,353,398 shares of the technology company’s stock worth $4,889,305,000 after purchasing an additional 1,269,992 shares during the period. Macquarie Group Ltd. increased its stake in shares of Trade Desk by 48.3% in the third quarter. Macquarie Group Ltd. now owns 2,516,828 shares of the technology company’s stock worth $176,933,000 after purchasing an additional 819,218 shares during the period. Finally, Ardevora Asset Management LLP increased its stake in shares of Trade Desk by 7,290.0% in the fourth quarter. Ardevora Asset Management LLP now owns 739,000 shares of the technology company’s stock worth $67,722,000 after purchasing an additional 729,000 shares during the period. Institutional investors own 59.84% of the company’s stock.

TTD has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on Trade Desk from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, February 17th. KeyCorp lifted their target price on Trade Desk from $100.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, February 17th. Zacks Investment Research downgraded Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, January 29th. Guggenheim initiated coverage on Trade Desk in a report on Wednesday, March 2nd. They set a “buy” rating and a $108.00 price objective on the stock. Finally, StockNews.com initiated coverage on Trade Desk in a report on Thursday, March 31st. They set a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Buy” and an average target price of $100.50.

In other Trade Desk news, CFO Blake Jeffrey Grayson sold 9,633 shares of the company’s stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $74.05, for a total transaction of $713,323.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric B. Paley sold 7,500 shares of the company’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $83.16, for a total transaction of $623,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 23,217 shares of company stock valued at $1,778,114 in the last quarter. Corporate insiders own 10.72% of the company’s stock.

TTD stock traded up $4.77 during trading on Tuesday, hitting $66.80. The company had a trading volume of 108,200 shares, compared to its average volume of 6,404,965. The firm has a 50-day moving average price of $70.95 and a 200-day moving average price of $79.23. The Trade Desk, Inc. has a 12 month low of $46.71 and a 12 month high of $114.09. The stock has a market cap of $32.39 billion, a price-to-earnings ratio of 235.09, a PEG ratio of 14.13 and a beta of 2.14.

Trade Desk (NASDAQ:TTDGet Rating) last posted its quarterly earnings data on Wednesday, February 16th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.07). The company had revenue of $395.60 million during the quarter, compared to the consensus estimate of $389.64 million. Trade Desk had a return on equity of 10.77% and a net margin of 11.51%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. Equities research analysts predict that The Trade Desk, Inc. will post 0.19 earnings per share for the current fiscal year.

Trade Desk Company Profile (Get Rating)

Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV.

Featured Stories

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk, Inc. (NASDAQ:TTDGet Rating).

Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.