Truist Financial Corp Has $7.17 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Truist Financial Corp decreased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 9.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 99,614 shares of the technology company’s stock after selling 10,227 shares during the period. Truist Financial Corp’s holdings in Trade Desk were worth $7,168,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Motley Fool Asset Management LLC raised its position in shares of Trade Desk by 6.2% during the fourth quarter. Motley Fool Asset Management LLC now owns 14,525 shares of the technology company’s stock worth $1,045,000 after acquiring an additional 843 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Trade Desk by 1.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 256,380 shares of the technology company’s stock valued at $18,449,000 after acquiring an additional 2,626 shares during the period. Pittenger & Anderson Inc. lifted its stake in shares of Trade Desk by 1,397.3% during the fourth quarter. Pittenger & Anderson Inc. now owns 2,770 shares of the technology company’s stock valued at $199,000 after acquiring an additional 2,585 shares during the period. Lyell Wealth Management LP lifted its stake in shares of Trade Desk by 46.6% during the fourth quarter. Lyell Wealth Management LP now owns 99,690 shares of the technology company’s stock valued at $7,174,000 after acquiring an additional 31,700 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Trade Desk by 7.3% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,164 shares of the technology company’s stock valued at $803,000 after acquiring an additional 763 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In related news, Director Kathryn E. Falberg sold 103,030 shares of Trade Desk stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the completion of the sale, the director now directly owns 242,609 shares of the company’s stock, valued at approximately $19,869,677.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Trade Desk news, Director Kathryn E. Falberg sold 103,030 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the transaction, the director now owns 242,609 shares in the company, valued at approximately $19,869,677.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Samantha Jacobson sold 15,006 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the transaction, the insider now owns 52,387 shares in the company, valued at approximately $4,377,981.59. The disclosure for this sale can be found here. Insiders sold a total of 642,170 shares of company stock valued at $53,970,398 over the last three months. Insiders own 10.18% of the company’s stock.

Trade Desk Stock Up 0.5 %

TTD opened at $88.59 on Friday. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $94.00. The stock has a market cap of $43.32 billion, a price-to-earnings ratio of 246.09, a PEG ratio of 4.86 and a beta of 1.50. The business has a 50 day moving average of $83.69 and a 200-day moving average of $75.83.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TTD shares. Susquehanna upped their price target on Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, February 16th. Benchmark upped their price objective on Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a report on Friday, February 16th. BTIG Research upped their price objective on Trade Desk from $91.00 to $98.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Wells Fargo & Company upped their price objective on Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Finally, Stephens reiterated an “overweight” rating and issued a $85.00 price objective on shares of Trade Desk in a report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and an average price target of $90.38.

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.