The Trade Desk, Inc. (NASDAQ:TTD) Stock Holdings Lessened by Leibman Financial Services Inc.

Leibman Financial Services Inc. reduced its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 16.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 29,447 shares of the technology company’s stock after selling 5,750 shares during the quarter. Trade Desk makes up 2.3% of Leibman Financial Services Inc.’s portfolio, making the stock its 21st biggest position. Leibman Financial Services Inc.’s holdings in Trade Desk were worth $3,229,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TTD. Schroder Investment Management Group lifted its position in shares of Trade Desk by 1.8% in the 4th quarter. Schroder Investment Management Group now owns 403,285 shares of the technology company’s stock worth $29,020,000 after buying an additional 7,126 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its position in Trade Desk by 5.0% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 39,099 shares of the technology company’s stock valued at $2,814,000 after purchasing an additional 1,870 shares during the last quarter. Visionary Wealth Advisors lifted its position in Trade Desk by 24.0% in the 4th quarter. Visionary Wealth Advisors now owns 11,604 shares of the technology company’s stock valued at $835,000 after purchasing an additional 2,249 shares during the last quarter. Bridgefront Capital LLC lifted its position in Trade Desk by 125.3% in the 4th quarter. Bridgefront Capital LLC now owns 6,339 shares of the technology company’s stock valued at $456,000 after purchasing an additional 3,526 shares during the last quarter. Finally, Ogborne Capital Management LLC lifted its position in Trade Desk by 102.5% in the 4th quarter. Ogborne Capital Management LLC now owns 232,864 shares of the technology company’s stock valued at $16,757,000 after purchasing an additional 117,864 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Price Performance

Shares of TTD opened at $114.53 on Wednesday. The firm’s 50 day moving average is $102.40 and its 200-day moving average is $95.58. The stock has a market capitalization of $56.02 billion, a P/E ratio of 286.33, a P/E/G ratio of 5.44 and a beta of 1.48. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $114.58.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The business 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 quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Analyst Ratings Changes

TTD has been the topic of several recent research reports. Evercore ISI upgraded shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Loop Capital lifted their price objective on shares of Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 26th. KeyCorp lifted their price objective on shares of Trade Desk from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $109.89.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $112.96, for a total value of $22,592,000.00. Following the transaction, the chief executive officer now directly owns 287,979 shares of the company’s stock, valued at $32,530,107.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 32,701 shares in the company, valued at approximately $3,216,797.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $112.96, for a total transaction of $22,592,000.00. Following the sale, the chief executive officer now owns 287,979 shares of the company’s stock, valued at approximately $32,530,107.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,452,248 shares of company stock valued at $157,894,406 over the last ninety days. Corporate 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.