Founder Collective GP LLC cut its holdings in shares of The Trade Desk Inc. (NASDAQ:TTD) by 56.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 964,078 shares of the technology company’s stock after selling 1,269,275 shares during the period. The Trade Desk accounts for 100.0% of Founder Collective GP LLC’s portfolio, making the stock its biggest position. Founder Collective GP LLC owned approximately 2.41% of The Trade Desk worth $48,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TTD. Teachers Advisors LLC purchased a new position in shares of The Trade Desk during the fourth quarter valued at approximately $235,000. Nationwide Fund Advisors increased its stake in shares of The Trade Desk by 181.5% during the first quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock valued at $105,000 after buying an additional 1,824 shares during the period. Strs Ohio increased its stake in shares of The Trade Desk by 100.0% during the first quarter. Strs Ohio now owns 3,400 shares of the technology company’s stock valued at $126,000 after buying an additional 1,700 shares during the period. Wells Fargo & Company MN increased its stake in shares of The Trade Desk by 21.5% during the first quarter. Wells Fargo & Company MN now owns 45,036 shares of the technology company’s stock valued at $1,677,000 after buying an additional 7,972 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of The Trade Desk by 169.4% during the first quarter. Bank of New York Mellon Corp now owns 31,797 shares of the technology company’s stock valued at $1,184,000 after buying an additional 19,992 shares during the period. 62.80% of the stock is currently owned by hedge funds and other institutional investors.

In other The Trade Desk news, insider David Randall Pickles sold 75,000 shares of The Trade Desk stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $50.79, for a total transaction of $3,809,250.00. Following the completion of the sale, the insider now directly owns 42,752 shares of the company’s stock, valued at approximately $2,171,374.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathryn E. Falberg bought 20,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were purchased at an average cost of $48.06 per share, with a total value of $961,200.00. Following the completion of the transaction, the director now owns 40,000 shares in the company, valued at $1,922,400. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 349,215 shares of company stock valued at $18,110,153. 26.87% of the stock is currently owned by corporate insiders.

Shares of The Trade Desk Inc. (NASDAQ TTD) traded down 1.43% during midday trading on Wednesday, reaching $60.80. The company had a trading volume of 327,227 shares. The stock has a market capitalization of $2.48 billion and a price-to-earnings ratio of 56.14. The firm’s 50 day moving average price is $60.57 and its 200-day moving average price is $43.86. The Trade Desk Inc. has a 1-year low of $22.01 and a 1-year high of $62.55.

The Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 10th. The technology company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.29. The business had revenue of $72.80 million during the quarter, compared to analyst estimates of $68.02 million. The Trade Desk had a return on equity of 26.34% and a net margin of 13.92%. The firm’s revenue for the quarter was up 54.2% on a year-over-year basis. Equities research analysts expect that The Trade Desk Inc. will post $1.44 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.dailypolitical.com/2017/09/13/the-trade-desk-inc-ttd-stake-lessened-by-founder-collective-gp-llc.html.

Several equities research analysts recently weighed in on TTD shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $62.00 price target (up from $56.00) on shares of The Trade Desk in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $65.00 price target (up from $56.00) on shares of The Trade Desk in a research note on Friday, August 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price target (up from $57.00) on shares of The Trade Desk in a research note on Friday, August 11th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $66.00 price target on shares of The Trade Desk in a research note on Thursday, September 7th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $60.00 price target (up from $55.00) on shares of The Trade Desk in a research note on Friday, August 11th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $56.00.

The Trade Desk Company Profile

The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk Inc. (NASDAQ:TTD).

Institutional Ownership by Quarter for The Trade Desk (NASDAQ:TTD)

Receive News & Ratings for The Trade Desk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Trade Desk Inc. and related companies with MarketBeat.com's FREE daily email newsletter.