Trade Desk Inc (TTD) Holdings Trimmed by Weil Company Inc.
Weil Company Inc. trimmed its holdings in Trade Desk Inc (NASDAQ:TTD) by 47.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,780 shares of the technology company’s stock after selling 6,920 shares during the quarter. Weil Company Inc.’s holdings in Trade Desk were worth $966,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of TTD. Dimensional Fund Advisors LP purchased a new stake in shares of Trade Desk during the 1st quarter worth approximately $3,705,000. UBS Group AG raised its holdings in shares of Trade Desk by 5.8% during the 1st quarter. UBS Group AG now owns 28,231 shares of the technology company’s stock worth $1,400,000 after acquiring an additional 1,551 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Trade Desk by 5.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 19,665 shares of the technology company’s stock worth $975,000 after acquiring an additional 1,063 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Trade Desk by 106.8% during the 1st quarter. LPL Financial LLC now owns 12,410 shares of the technology company’s stock worth $616,000 after acquiring an additional 6,410 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of Trade Desk by 12.2% during the 1st quarter. Guggenheim Capital LLC now owns 11,257 shares of the technology company’s stock worth $560,000 after acquiring an additional 1,220 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.
In other news, insider Brian John Stempeck sold 30,000 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $126.94, for a total transaction of $3,808,200.00. Following the transaction, the insider now owns 75,020 shares of the company’s stock, valued at approximately $9,523,038.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Robert David Perdue sold 903 shares of the stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $124.79, for a total value of $112,685.37. Following the transaction, the chief operating officer now directly owns 132,996 shares in the company, valued at approximately $16,596,570.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 614,744 shares of company stock worth $83,608,597. Insiders own 23.54% of the company’s stock.
Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 8th. The technology company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.06). Trade Desk had a return on equity of 24.28% and a net margin of 15.62%. The business had revenue of $118.80 million during the quarter, compared to analysts’ expectations of $117.48 million. During the same quarter in the previous year, the business earned $0.35 EPS. The business’s revenue for the quarter was up 49.6% on a year-over-year basis. As a group, sell-side analysts expect that Trade Desk Inc will post 1.44 EPS for the current year.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $143.00 price target on the stock in a report on Tuesday, August 14th. Wells Fargo & Co restated a “hold” rating and set a $110.00 price target on shares of Trade Desk in a report on Friday, August 10th. Oppenheimer increased their price target on Trade Desk from $101.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, August 10th. Macquarie upgraded Trade Desk to a “buy” rating and increased their price target for the company from $95.00 to $130.00 in a report on Friday, August 10th. Finally, Royal Bank of Canada increased their price target on Trade Desk from $80.00 to $126.00 and gave the company an “outperform” rating in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued 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 target price of $118.53.
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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