Intech Investment Management LLC Sells 2,553 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Intech Investment Management LLC lessened its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 11.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,858 shares of the technology company’s stock after selling 2,553 shares during the period. Intech Investment Management LLC’s holdings in Trade Desk were worth $1,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Trade Desk by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 724,612 shares of the technology company’s stock worth $52,149,000 after acquiring an additional 35,164 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Trade Desk during the 4th quarter valued at $87,000. Assetmark Inc. lifted its holdings in shares of Trade Desk by 46.4% during the 4th quarter. Assetmark Inc. now owns 1,876 shares of the technology company’s stock valued at $135,000 after purchasing an additional 595 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Trade Desk by 15.7% in the 4th quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock worth $28,346,000 after purchasing an additional 53,441 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake 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 worth $9,500,000 after buying an additional 25,402 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on TTD. Benchmark lifted their price target on Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a research report on Friday, August 9th. Royal Bank of Canada increased their price target on shares of Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Wolfe Research initiated coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price objective for the company. Morgan Stanley increased their price objective on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Finally, Susquehanna boosted their target price on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.71.

Trade Desk Trading Down 0.9 %

TTD opened at $108.53 on Tuesday. The firm has a market cap of $53.08 billion, a price-to-earnings ratio of 271.33, a PEG ratio of 5.07 and a beta of 1.48. The stock’s 50-day moving average price is $98.92 and its 200 day moving average price is $93.27. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $111.80.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. During the same period last year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, research analysts forecast that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Insider Buying and Selling at Trade Desk

In other news, insider Samantha Jacobson sold 4,872 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Samantha Jacobson sold 4,872 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the sale, the insider now owns 99,374 shares in the company, valued at approximately $9,887,713. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jay R. Grant sold 141,434 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now directly owns 188,236 shares in the company, valued at $18,337,951.12. The disclosure for this sale can be found here. Insiders have sold a total of 596,748 shares of company stock worth $61,010,053 over the last ninety days. Corporate insiders own 10.18% of the company’s stock.

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.