Avitas Wealth Management LLC Sells 226 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Avitas Wealth Management LLC reduced its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,381 shares of the technology company’s stock after selling 226 shares during the quarter. Avitas Wealth Management LLC’s holdings in Trade Desk were worth $2,395,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TTD. Harbor Investment Advisory LLC boosted its position in Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after buying an additional 117 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Trade Desk during the fourth quarter valued at about $35,000. Synergy Asset Management LLC purchased a new stake in shares of Trade Desk during the fourth quarter worth about $34,000. Avior Wealth Management LLC grew its stake in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 143,985 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $121.82, for a total value of $17,540,252.70. Following the transaction, the chief executive officer now directly owns 3,700 shares of the company’s stock, valued at approximately $450,734. This trade represents a 97.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 697,967 shares of company stock worth $86,494,400 over the last three months. 9.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TTD shares. DA Davidson increased their price objective on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Piper Sandler reiterated an “overweight” rating and issued a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. KeyCorp upped their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Royal Bank of Canada lifted their target price on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Susquehanna reissued a “positive” rating and issued a $150.00 price target on shares of Trade Desk in a research note on Thursday, November 21st. One investment 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.13.

Trade Desk Trading Down 3.7 %

Shares of TTD opened at $113.54 on Wednesday. The Trade Desk, Inc. has a 12 month low of $66.56 and a 12 month high of $141.53. The business’s fifty day simple moving average is $124.94 and its two-hundred day simple moving average is $114.68. The company has a market cap of $56.04 billion, a price-to-earnings ratio of 186.13, a P/E/G ratio of 3.75 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The business had revenue of $628.02 million for the quarter, compared to analysts’ expectations of $619.89 million. During the same period last year, the business earned $0.08 earnings per share. As a group, research analysts forecast that The Trade Desk, Inc. will post 0.87 EPS for the current year.

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.