Toronto Dominion Bank Sells 252 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Toronto Dominion Bank lowered its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,112 shares of the technology company’s stock after selling 252 shares during the quarter. Toronto Dominion Bank’s holdings in Trade Desk were worth $4,406,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. boosted its stake in shares of Trade Desk by 119.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after purchasing an additional 163 shares during the last quarter. Riverview Trust Co bought a new position in shares of Trade Desk in the 1st quarter valued at about $27,000. Bogart Wealth LLC boosted its stake in shares of Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after purchasing an additional 222 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of Trade Desk in the 2nd quarter valued at about $30,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Trade Desk by 889.4% in the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after purchasing an additional 418 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 0.1 %

NASDAQ TTD opened at $109.45 on Monday. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $112.22. The company has a market capitalization of $53.80 billion, a PE ratio of 273.63, a price-to-earnings-growth ratio of 5.33 and a beta of 1.48. The firm’s 50 day moving average is $99.96 and its 200-day moving average is $94.09.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. As a group, sell-side analysts expect that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the transaction, the director now directly owns 32,701 shares in the company, valued at $3,216,797.37. The sale was disclosed in a filing with the SEC, which is available through this link. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now directly owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the transaction, the insider now directly owns 99,374 shares of the company’s stock, valued at $9,887,713. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,056,669 shares of company stock worth $113,117,247. Insiders own 10.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTD. Macquarie reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Trade Desk in a research note on Friday, August 9th. StockNews.com lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Susquehanna lifted their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Robert W. Baird lifted their price objective on shares of Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, Truist Financial lifted their price objective on shares of Trade Desk from $105.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $109.05.

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.