Griffin Asset Management Inc. Has $247,000 Stock Holdings in The Trade Desk $TTD

Griffin Asset Management Inc. lessened its holdings in The Trade Desk (NASDAQ:TTD) by 81.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,512 shares of the technology company’s stock after selling 28,771 shares during the period. Griffin Asset Management Inc.’s holdings in Trade Desk were worth $247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after purchasing an additional 169 shares during the last quarter. Bison Wealth LLC boosted its position in Trade Desk by 24.3% during the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after purchasing an additional 485 shares during the last quarter. Woodline Partners LP boosted its position in Trade Desk by 75.5% during the first quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock valued at $289,000 after purchasing an additional 2,269 shares during the last quarter. Cerity Partners LLC boosted its position in Trade Desk by 46.6% during the second quarter. Cerity Partners LLC now owns 59,785 shares of the technology company’s stock valued at $4,304,000 after purchasing an additional 19,015 shares during the last quarter. Finally, AXA S.A. boosted its position in Trade Desk by 14.7% during the second quarter. AXA S.A. now owns 42,819 shares of the technology company’s stock valued at $3,083,000 after purchasing an additional 5,487 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $21.28 on Friday. The Trade Desk has a fifty-two week low of $19.74 and a fifty-two week high of $91.45. The business has a 50-day moving average of $22.75 and a two-hundred day moving average of $30.69. The stock has a market capitalization of $10.00 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.02 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The company had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 million. During the same period in the prior year, the firm earned $0.33 EPS. Trade Desk’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, research analysts expect that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk declared that its board has approved a share repurchase program on Wednesday, February 25th that allows the company to repurchase $350.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BMO Capital Markets reduced their price objective on Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Royal Bank Of Canada set a $33.00 price objective on Trade Desk and gave the company an “outperform” rating in a research report on Friday, May 8th. Rosenblatt Securities reduced their price objective on Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. DA Davidson set a $29.00 price objective on Trade Desk and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Scotiabank set a $20.00 price objective on Trade Desk in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.61.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Kathryn E. Falberg sold 50,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 11.41% of the stock is owned by corporate insiders.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.