Alterity Financial Group LLC Has $249,000 Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Alterity Financial Group LLC trimmed its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 11.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,455 shares of the technology company’s stock after selling 430 shares during the quarter. Alterity Financial Group LLC’s holdings in Trade Desk were worth $249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MetLife Investment Management LLC bought a new position in Trade Desk during the 1st quarter valued at about $1,946,000. Synovus Financial Corp increased its holdings in Trade Desk by 32.8% during the 1st quarter. Synovus Financial Corp now owns 8,079 shares of the technology company’s stock valued at $561,000 after purchasing an additional 1,996 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in Trade Desk by 43.0% in the first quarter. Vontobel Holding Ltd. now owns 14,220 shares of the technology company’s stock worth $1,019,000 after purchasing an additional 4,276 shares in the last quarter. Aviva PLC increased its stake in shares of Trade Desk by 8.5% in the first quarter. Aviva PLC now owns 103,185 shares of the technology company’s stock valued at $7,146,000 after buying an additional 8,059 shares in the last quarter. Finally, National Pension Service lifted its position in Trade Desk by 11.2% during the 1st quarter. National Pension Service now owns 657,768 shares of the technology company’s stock worth $45,550,000 after buying an additional 66,179 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Performance

Shares of TTD opened at $87.42 on Friday. The stock has a fifty day moving average of $78.02 and a 200-day moving average of $75.11. The Trade Desk, Inc. has a 52 week low of $57.17 and a 52 week high of $94.00. The stock has a market capitalization of $42.74 billion, a price-to-earnings ratio of 242.84, a PEG ratio of 4.81 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The company had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. As a group, equities analysts forecast that The Trade Desk, Inc. will post 0.79 EPS for the current year.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 2,999 shares of Trade Desk stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total transaction of $188,217.24. Following the transaction, the director now owns 36,312 shares of the company’s stock, valued at $2,278,941.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total transaction of $188,217.24. Following the completion of the sale, the director now directly owns 36,312 shares of the company’s stock, valued at $2,278,941.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the sale, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The disclosure for this sale can be found here. Insiders have sold a total of 426,562 shares of company stock valued at $35,446,258 over the last ninety days. 10.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on TTD. Piper Sandler increased their price target on shares of Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. BMO Capital Markets upped their price target on Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Benchmark upped their target price on shares of Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research report on Friday, February 16th. KeyCorp boosted their price target on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada lifted their target price on shares of Trade Desk from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

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.