Stiles Financial Services Inc Has $675,000 Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Stiles Financial Services Inc cut its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,740 shares of the technology company’s stock after selling 300 shares during the quarter. Stiles Financial Services Inc’s holdings in Trade Desk were worth $675,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. raised its stake in shares of Trade Desk by 4.7% during the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after buying an additional 1,720,650 shares during the last quarter. Jennison Associates LLC grew its holdings in Trade Desk by 11.0% during the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after acquiring an additional 2,013,047 shares during the period. Edgewood Management LLC raised its position in shares of Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after acquiring an additional 5,675,571 shares during the last quarter. FMR LLC lifted its stake in shares of Trade Desk by 1.3% in the 3rd quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock valued at $286,867,000 after purchasing an additional 32,999 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Trade Desk by 3.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock worth $231,294,000 after purchasing an additional 68,206 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $117.29 on Monday. The business has a 50-day moving average of $124.17 and a 200-day moving average of $115.07. The stock has a market capitalization of $57.89 billion, a price-to-earnings ratio of 192.28, a PEG ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a fifty-two week low of $68.65 and a fifty-two week high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The company had revenue of $628.02 million during the quarter, compared to the consensus estimate of $619.89 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, sell-side analysts expect that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Insider Activity

In related news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TTD has been the subject of a number of recent analyst reports. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. Royal Bank of Canada increased their price target on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Robert W. Baird boosted their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Macquarie upped their target price on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, BMO Capital Markets lifted their price target on shares of Trade Desk from $125.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.13.

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.