LCM Capital Management Inc Decreases Stake in The Trade Desk, Inc. (NASDAQ:TTD)

LCM Capital Management Inc lessened its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,350 shares of the technology company’s stock after selling 300 shares during the period. LCM Capital Management Inc’s holdings in Trade Desk were worth $629,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its holdings in shares of Trade Desk by 11.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,440 shares of the technology company’s stock worth $2,387,000 after acquiring an additional 2,593 shares during the period. GAMMA Investing LLC increased its position in Trade Desk by 16.1% during the third quarter. GAMMA Investing LLC now owns 2,117 shares of the technology company’s stock worth $232,000 after purchasing an additional 293 shares during the last quarter. Axiom Advisory LLC raised its stake in Trade Desk by 2.4% during the third quarter. Axiom Advisory LLC now owns 19,350 shares of the technology company’s stock worth $1,932,000 after purchasing an additional 450 shares during the period. Atomi Financial Group Inc. boosted its holdings in Trade Desk by 22.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 3,393 shares of the technology company’s stock valued at $372,000 after purchasing an additional 617 shares during the last quarter. Finally, Gill Capital Partners LLC grew its stake in shares of Trade Desk by 3.9% in the 3rd quarter. Gill Capital Partners LLC now owns 3,995 shares of the technology company’s stock valued at $438,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TTD. Susquehanna reaffirmed a “positive” rating and set a $150.00 price target on shares of Trade Desk in a research report on Thursday, November 21st. Piper Sandler restated an “overweight” rating and issued a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Loop Capital upped their price target on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Truist Financial raised their price objective on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Oppenheimer upped their target price on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $133.13.

Trade Desk Trading Up 0.7 %

Shares of TTD opened at $114.34 on Thursday. The firm has a market capitalization of $56.43 billion, a price-to-earnings ratio of 187.44, a PEG ratio of 3.75 and a beta of 1.45. The firm’s fifty day simple moving average is $124.67 and its 200-day simple moving average is $114.68. The Trade Desk, Inc. has a twelve month low of $67.77 and a twelve month 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). The business had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, analysts predict that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction on 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 transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is currently owned by insiders.

Trade Desk 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.