Mount Yale Investment Advisors LLC Sells 374 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Mount Yale Investment Advisors LLC trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,092 shares of the technology company’s stock after selling 374 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Trade Desk were worth $790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTD. Sei Investments Co. grew its holdings in Trade Desk by 19.9% during the second quarter. Sei Investments Co. now owns 295,240 shares of the technology company’s stock valued at $28,836,000 after purchasing an additional 49,052 shares during the period. Pacer Advisors Inc. lifted its position in shares of Trade Desk by 58.7% during the 2nd quarter. Pacer Advisors Inc. now owns 48,876 shares of the technology company’s stock valued at $4,774,000 after buying an additional 18,087 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Trade Desk by 1.0% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 91,076 shares of the technology company’s stock worth $8,898,000 after acquiring an additional 908 shares during the period. AE Wealth Management LLC increased its holdings in Trade Desk by 3.9% in the 2nd quarter. AE Wealth Management LLC now owns 4,176 shares of the technology company’s stock worth $408,000 after acquiring an additional 155 shares during the last quarter. Finally, Bridges Investment Management Inc. bought a new stake in Trade Desk in the 2nd quarter valued at about $702,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the transaction, the director now directly owns 3,516 shares of the company’s stock, valued at $351,846.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the transaction, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the transaction, the director now owns 3,516 shares of the company’s stock, valued at $351,846.12. The disclosure for this sale can be found here. Insiders sold 596,748 shares of company stock valued at $61,010,053 in the last quarter. Company insiders own 10.18% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the subject of several recent research reports. KeyCorp lifted their target price on shares of Trade Desk from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Stifel Nicolaus restated a “buy” rating and set a $111.00 target price (up previously from $105.00) on shares of Trade Desk in a research report on Friday, August 9th. Royal Bank of Canada lifted their price target on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Susquehanna increased their price objective on Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a report on Friday, August 9th. Finally, Bank of America initiated coverage on Trade Desk in a report on Wednesday, September 4th. They set a “buy” rating and a $135.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.71.

Trade Desk Stock Down 0.9 %

NASDAQ 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 company has a 50-day simple moving average of $98.92 and a two-hundred day simple moving average of $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 posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (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 business had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. During the same period last year, the company earned $0.07 EPS. Trade Desk’s revenue for the quarter was up 25.9% compared to the same quarter last year. Equities analysts expect that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal 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.