United Services Automobile Association cut its position in shares of Trade Desk Inc (NASDAQ:TTD) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,561 shares of the technology company’s stock after selling 2,956 shares during the period. United Services Automobile Association’s holdings in Trade Desk were worth $1,458,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TTD. Hsbc Holdings PLC raised its position in Trade Desk by 95.3% during the fourth quarter. Hsbc Holdings PLC now owns 3,762 shares of the technology company’s stock worth $437,000 after acquiring an additional 1,836 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Trade Desk by 33.7% in the fourth quarter. Great West Life Assurance Co. Can now owns 3,794 shares of the technology company’s stock valued at $425,000 after purchasing an additional 956 shares during the period. Camelot Portfolios LLC purchased a new position in shares of Trade Desk in the fourth quarter valued at approximately $427,000. Northern Trust Corp boosted its stake in shares of Trade Desk by 2.7% in the fourth quarter. Northern Trust Corp now owns 421,712 shares of the technology company’s stock valued at $48,944,000 after purchasing an additional 11,083 shares during the period. Finally, Castleark Management LLC boosted its stake in shares of Trade Desk by 24.3% in the fourth quarter. Castleark Management LLC now owns 62,270 shares of the technology company’s stock valued at $7,227,000 after purchasing an additional 12,180 shares during the period. 71.76% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on TTD shares. Stifel Nicolaus reissued a “hold” rating and issued a $144.00 price objective on shares of Trade Desk in a research note on Wednesday, February 20th. SunTrust Banks reissued a “buy” rating and issued a $195.00 price objective on shares of Trade Desk in a research note on Friday, February 22nd. They noted that the move was a valuation call. ValuEngine raised shares of Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Citigroup raised their price objective on shares of Trade Desk from $159.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 22nd. Finally, TheStreet raised shares of Trade Desk from a “c” rating to a “b-” rating in a research note on Friday, March 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $150.22.

In other Trade Desk news, insider David Randall Pickles sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $131.07, for a total transaction of $1,966,050.00. Following the sale, the insider now owns 65,077 shares of the company’s stock, valued at $8,529,642.39. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Terry Green sold 426,430 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $195.36, for a total transaction of $83,307,364.80. Following the sale, the insider now directly owns 153,152 shares in the company, valued at approximately $29,919,774.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 627,917 shares of company stock worth $120,006,544. 17.44% of the stock is owned by corporate insiders.

TTD stock traded up $4.31 during midday trading on Thursday, reaching $184.69. 31,998 shares of the company were exchanged, compared to its average volume of 1,475,683. Trade Desk Inc has a 1-year low of $45.77 and a 1-year high of $214.70. The stock has a market cap of $7.95 billion, a P/E ratio of 95.22, a PEG ratio of 6.29 and a beta of 3.01.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, February 21st. The technology company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.28. Trade Desk had a net margin of 18.47% and a return on equity of 27.22%. The company had revenue of $160.47 million for the quarter, compared to analysts’ expectations of $148.18 million. On average, equities analysts predict that Trade Desk Inc will post 1.62 EPS for the current year.

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About Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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