The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd trimmed its position in The Trade Desk, Inc. (NASDAQ:TTD) by 20.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,938 shares of the technology company’s stock after selling 1,011 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Trade Desk were worth $283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new stake in Trade Desk during the 4th quarter worth $88,000. Linden Thomas Advisory Services LLC raised its stake in Trade Desk by 7.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 20,486 shares of the technology company’s stock worth $1,474,000 after acquiring an additional 1,358 shares in the last quarter. Jennison Associates LLC raised its stake in Trade Desk by 91.7% during the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock worth $1,049,619,000 after acquiring an additional 6,978,352 shares in the last quarter. PSI Advisors LLC raised its stake in Trade Desk by 11.3% during the 4th quarter. PSI Advisors LLC now owns 3,839 shares of the technology company’s stock worth $276,000 after acquiring an additional 390 shares in the last quarter. Finally, CWM LLC raised its stake in Trade Desk by 32.0% during the 4th quarter. CWM LLC now owns 17,211 shares of the technology company’s stock worth $1,239,000 after acquiring an additional 4,169 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTD has been the topic of a number of recent research reports. KeyCorp lifted their price objective on shares of Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Piper Sandler lifted their price objective 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 lifted their target price on shares of Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Stifel Nicolaus lifted their target price on shares of Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Wells Fargo & Company lifted their target price on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.75.

Trade Desk Price Performance

NASDAQ:TTD opened at $80.15 on Thursday. The firm has a 50 day simple moving average of $83.21 and a 200-day simple moving average of $75.62. The firm has a market cap of $39.19 billion, a PE ratio of 232.76, a P/E/G ratio of 4.47 and a beta of 1.50. The Trade Desk, Inc. has a 1-year low of $59.98 and a 1-year high of $94.00.

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

Insider Activity

In other news, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 139,794 shares of the company’s stock, valued at $12,515,756.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Kathryn E. Falberg sold 103,030 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the completion of the transaction, the director now owns 242,609 shares of the company’s stock, valued at $19,869,677.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now directly owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. Insiders sold a total of 492,170 shares of company stock valued at $41,250,398 over the last 90 days. Insiders own 10.18% of the company’s stock.

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.