Xponance Inc. Sells 3,929 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Xponance Inc. lowered its position in The Trade Desk, Inc. (NASDAQ:TTD) by 6.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 59,388 shares of the technology company’s stock after selling 3,929 shares during the quarter. Xponance Inc.’s holdings in Trade Desk were worth $4,274,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in shares of Trade Desk during the fourth quarter valued at approximately $100,508,000. ARK Investment Management LLC lifted its stake in Trade Desk by 1,162.0% in the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock worth $154,689,000 after purchasing an additional 1,979,319 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of Trade Desk during the 3rd quarter valued at about $99,035,000. T. Rowe Price Investment Management Inc. grew its position in shares of Trade Desk by 10.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,367,719 shares of the technology company’s stock valued at $599,275,000 after purchasing an additional 1,239,936 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Trade Desk by 74.2% in the first quarter. Bank of America Corp DE now owns 2,853,174 shares of the technology company’s stock worth $173,787,000 after purchasing an additional 1,215,662 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,551,987 shares of the company’s stock, valued at approximately $126,905,976.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Jay R. Grant sold 2,136 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now directly owns 139,794 shares in the company, valued at $12,515,756.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the completion of the transaction, the chief executive officer now directly owns 1,551,987 shares of the company’s stock, valued at approximately $126,905,976.99. The disclosure for this sale can be found here. Insiders have sold a total of 492,170 shares of company stock valued at $41,250,398 over the last quarter. 10.81% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Stifel Nicolaus increased their price target on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Susquehanna increased their target price on Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, February 16th. Stephens restated an “overweight” rating and issued a $85.00 price target on shares of Trade Desk in a research report on Friday, February 16th. Benchmark upped their price target on shares of Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research note on Friday, February 16th. Finally, KeyCorp lifted their price objective on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.75.

Trade Desk Trading Down 4.3 %

NASDAQ TTD opened at $77.30 on Friday. The Trade Desk, Inc. has a 12 month low of $59.36 and a 12 month high of $94.00. The company’s 50-day moving average price is $82.97 and its 200-day moving average price is $75.65. The stock has a market cap of $37.80 billion, a PE ratio of 214.73, a PEG ratio of 4.26 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The company had revenue of $605.80 million during the quarter, compared to the consensus estimate of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. As a group, sell-side analysts forecast that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

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.