Chartwell Investment Partners LLC reduced its position in Trade Desk Inc (NASDAQ:TTD) by 33.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,687 shares of the technology company’s stock after selling 6,908 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Trade Desk were worth $2,066,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Trade Desk by 106.3% during the second quarter. FMR LLC now owns 1,715,441 shares of the technology company’s stock valued at $160,908,000 after purchasing an additional 883,811 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Trade Desk by 1,770.2% during the third quarter. JPMorgan Chase & Co. now owns 678,262 shares of the technology company’s stock valued at $102,358,000 after purchasing an additional 718,872 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Trade Desk by 39.5% during the second quarter. BlackRock Inc. now owns 1,992,379 shares of the technology company’s stock valued at $186,884,000 after purchasing an additional 564,170 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Trade Desk during the second quarter valued at approximately $37,534,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Trade Desk by 93.1% during the second quarter. Renaissance Technologies LLC now owns 552,105 shares of the technology company’s stock valued at $51,787,000 after purchasing an additional 266,205 shares during the last quarter. 71.68% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on TTD. Zacks Investment Research raised Trade Desk from a “hold” rating to a “buy” rating and set a $174.00 target price for the company in a report on Friday, September 28th. Citigroup upped their target price on Trade Desk to $178.00 and gave the company a “buy” rating in a report on Wednesday, September 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up from $126.00) on shares of Trade Desk in a report on Tuesday, September 25th. BidaskClub lowered Trade Desk from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, Rosenblatt Securities began coverage on Trade Desk in a report on Tuesday, October 2nd. They set a “neutral” rating and a $138.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Trade Desk presently has an average rating of “Buy” and an average price target of $118.53.

Shares of TTD stock opened at $113.27 on Wednesday. Trade Desk Inc has a 12-month low of $40.70 and a 12-month high of $161.50. The company has a market capitalization of $5.42 billion, a P/E ratio of 95.18, a price-to-earnings-growth ratio of 4.37 and a beta of 3.16.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 8th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.06). Trade Desk had a return on equity of 22.86% and a net margin of 15.62%. The business had revenue of $118.80 million during the quarter, compared to the consensus estimate of $117.48 million. During the same period last year, the company earned $0.35 earnings per share. The business’s quarterly revenue was up 49.6% compared to the same quarter last year. On average, analysts anticipate that Trade Desk Inc will post 1.56 earnings per share for the current fiscal year.

In other Trade Desk news, insider Brian John Stempeck sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $142.42, for a total value of $4,272,600.00. Following the completion of the sale, the insider now directly owns 75,020 shares in the company, valued at $10,684,348.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul Ross sold 3,691 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $110.55, for a total value of $408,040.05. Following the completion of the sale, the chief financial officer now owns 43,413 shares of the company’s stock, valued at $4,799,307.15. The disclosure for this sale can be found here. Insiders sold 581,261 shares of company stock valued at $79,283,062 over the last 90 days. 23.54% of the stock is currently owned by insiders.

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Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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

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