Blair William & Co. IL Sells 1,827 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Blair William & Co. IL lowered its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 11.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,698 shares of the technology company’s stock after selling 1,827 shares during the quarter. Blair William & Co. IL’s holdings in Trade Desk were worth $1,338,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Trade Desk by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 724,612 shares of the technology company’s stock valued at $52,149,000 after buying an additional 35,164 shares during the period. Quest Partners LLC acquired a new position in shares of Trade Desk in the fourth quarter valued at approximately $87,000. Assetmark Inc. increased its stake in shares of Trade Desk by 46.4% in the fourth quarter. Assetmark Inc. now owns 1,876 shares of the technology company’s stock valued at $135,000 after buying an additional 595 shares during the period. Franklin Resources Inc. increased its stake in shares of Trade Desk by 15.7% in the fourth quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock valued at $28,346,000 after buying an additional 53,441 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in Trade Desk by 23.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 132,013 shares of the technology company’s stock valued at $9,500,000 after purchasing an additional 25,402 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of Trade Desk stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the sale, the insider now owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the completion of the transaction, the chief financial officer now owns 703,038 shares in the company, valued at approximately $70,606,106.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $97.42, for a total value of $13,778,500.28. Following the transaction, the insider now owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 596,748 shares of company stock valued at $61,010,053. 10.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on TTD shares. Benchmark increased their target price on shares of Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a research report on Friday, August 9th. KeyCorp increased their price target on Trade Desk from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Truist Financial increased their price target on Trade Desk from $105.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, August 9th. BTIG Research increased their price target on Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada increased their price target on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $108.71.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $108.53 on Tuesday. The company has a market cap of $53.08 billion, a P/E ratio of 271.33, a PEG ratio of 5.07 and a beta of 1.48. The stock’s fifty day moving average price is $98.92 and its 200-day moving average price is $93.27. 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 quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The firm had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. During the same quarter last year, the company earned $0.07 earnings per share. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, sell-side analysts anticipate that The Trade Desk, Inc. will post 0.86 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.