The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 30.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 805 shares of the technology company’s stock after selling 350 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Trade Desk were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new stake in shares of Trade Desk in the first quarter worth $2,626,000. Nordea Investment Management AB grew its position in Trade Desk by 11.4% during the 1st quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock worth $60,202,000 after purchasing an additional 70,201 shares during the period. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Trade Desk during the 1st quarter valued at about $3,011,000. International Assets Investment Management LLC lifted its holdings in shares of Trade Desk by 4.3% in the 1st quarter. International Assets Investment Management LLC now owns 15,825 shares of the technology company’s stock valued at $1,382,000 after buying an additional 656 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Trade Desk in the first quarter worth about $1,034,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TTD. Moffett Nathanson started coverage on Trade Desk in a research report on Monday, September 23rd. They set a “neutral” rating and a $100.00 price target for the company. Oppenheimer lifted their target price on shares of Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Citigroup increased their price target on shares of Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Susquehanna lifted their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a report on Friday, August 9th. Finally, Macquarie reiterated an “outperform” rating and issued a $115.00 price objective on shares of Trade Desk in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.89.

Insider Activity at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the transaction, the director now directly owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $98.37, for a total value of $133,291.35. Following the sale, the director now owns 32,701 shares in the company, valued at $3,216,797.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,077,248 shares of company stock valued at $115,353,156. 10.18% of the stock is owned by company insiders.

Trade Desk Price Performance

TTD opened at $111.46 on Friday. The firm has a market capitalization of $54.52 billion, a price-to-earnings ratio of 278.65, a price-to-earnings-growth ratio of 5.27 and a beta of 1.48. The company’s 50 day simple moving average is $100.69 and its two-hundred day simple moving average is $94.64. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $112.22.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, equities analysts anticipate that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

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.