ASB Consultores LLC Sells 3,476 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

ASB Consultores LLC cut its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 51.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,282 shares of the technology company’s stock after selling 3,476 shares during the quarter. ASB Consultores LLC’s holdings in Trade Desk were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TTD. Vanguard Group Inc. boosted its holdings in shares of Trade Desk by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after buying an additional 818,568 shares during the last quarter. 1832 Asset Management L.P. purchased a new position in Trade Desk during the first quarter valued at approximately $225,710,000. Jericho Capital Asset Management L.P. lifted its holdings in Trade Desk by 4.3% during the first quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock valued at $211,500,000 after purchasing an additional 100,000 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Trade Desk by 10.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,214,832 shares of the technology company’s stock valued at $159,379,000 after purchasing an additional 209,222 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Trade Desk by 3.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,898,159 shares of the technology company’s stock valued at $165,937,000 after purchasing an additional 59,161 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Price Performance

NASDAQ:TTD opened at $110.14 on Friday. The firm has a market cap of $54.14 billion, a PE ratio of 275.36, a price-to-earnings-growth ratio of 5.07 and a beta of 1.48. The company has a 50-day moving average of $98.55 and a 200 day moving average of $92.74. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $111.80.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. Trade Desk’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. Sell-side analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the transaction, the insider now directly owns 99,374 shares of the company’s stock, valued at approximately $9,887,713. The disclosure for this sale can be found here. Over the last quarter, insiders sold 596,748 shares of company stock valued at $61,010,053. Insiders own 10.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Trade Desk in a report on Thursday, September 5th. They set a “neutral” rating and a $110.00 price target on the stock. Wedbush reissued an “outperform” rating and issued a $115.00 target price (up previously from $110.00) on shares of Trade Desk in a report on Thursday, September 12th. Susquehanna boosted their target price on shares of Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, August 9th. Morgan Stanley boosted their target price on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Finally, Macquarie reissued an “outperform” rating and issued a $115.00 target price on shares of Trade Desk in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.05.

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.