The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Lincoln National Corp

Lincoln National Corp reduced its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,261 shares of the technology company’s stock after selling 240 shares during the period. Lincoln National Corp’s holdings in Trade Desk were worth $1,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TTD. Jennison Associates LLC raised its position in shares of Trade Desk by 91.7% in the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after purchasing an additional 6,978,352 shares in the last quarter. ARK Investment Management LLC boosted its stake in Trade Desk by 1,162.0% during the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after acquiring an additional 1,979,319 shares during the last quarter. Eagle Asset Management Inc. bought a new position in Trade Desk during the 3rd quarter valued at $99,035,000. International Assets Investment Management LLC grew its holdings in Trade Desk by 6,600.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company’s stock worth $78,549,000 after acquiring an additional 1,075,269 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Trade Desk by 81.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,465,701 shares of the technology company’s stock worth $105,472,000 after purchasing an additional 659,337 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TTD shares. Oppenheimer raised their price objective on Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Jefferies Financial Group upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and raised their price target for the stock from $95.00 to $105.00 in a research report on Thursday, May 2nd. Benchmark boosted their price objective on shares of Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research report on Friday, February 16th. Truist Financial increased their price objective on shares of Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Citigroup lifted their target price on Trade Desk from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.22.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $88.67 on Friday. The firm has a 50 day simple moving average of $84.04 and a 200 day simple moving average of $76.17. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $94.00. The company has a market cap of $43.35 billion, a PE ratio of 246.31, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The business had revenue of $605.80 million during the quarter, compared to analysts’ expectations of $582.61 million. On average, equities analysts predict that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the transaction, the chief executive officer now owns 1,551,987 shares of the company’s stock, valued at $126,905,976.99. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the transaction, the chief executive officer now directly owns 1,551,987 shares of the company’s stock, valued at $126,905,976.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Laura Schenkein sold 3,391 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $303,596.23. Following the completion of the sale, the chief financial officer now directly owns 653,366 shares of the company’s stock, valued at approximately $58,495,857.98. The disclosure for this sale can be found here. Insiders have sold a total of 642,170 shares of company stock valued at $53,970,398 in the last three months. Insiders own 10.18% of the company’s stock.

Trade Desk Company Profile

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.