King Luther Capital Management Corp trimmed its holdings in shares of Trade Desk Inc (NASDAQ:TTD) by 2.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,710 shares of the technology company’s stock after selling 1,505 shares during the period. King Luther Capital Management Corp’s holdings in Trade Desk were worth $9,011,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of TTD. FMR LLC boosted its holdings in shares of Trade Desk by 106.3% during the 2nd quarter. FMR LLC now owns 1,715,441 shares of the technology company’s stock worth $160,908,000 after buying an additional 883,811 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Trade Desk by 1,770.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 678,262 shares of the technology company’s stock worth $102,358,000 after buying an additional 718,872 shares in the last quarter. Baillie Gifford & Co. bought a new position in shares of Trade Desk during the 3rd quarter worth approximately $89,937,000. BlackRock Inc. boosted its holdings in shares of Trade Desk by 39.5% during the 2nd quarter. BlackRock Inc. now owns 1,992,379 shares of the technology company’s stock worth $186,884,000 after buying an additional 564,170 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in shares of Trade Desk during the 2nd quarter worth approximately $37,534,000. Hedge funds and other institutional investors own 67.57% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock in a report on Friday, September 28th. Citigroup increased their price target on Trade Desk to $178.00 and gave the stock a “buy” rating in a report on Wednesday, September 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up from $126.00) on shares of Trade Desk in a research report on Tuesday, September 25th. BidaskClub lowered Trade Desk from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, Rosenblatt Securities assumed coverage on Trade Desk in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $138.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $118.53.

In related news, COO Robert David Perdue sold 902 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $151.49, for a total value of $136,643.98. Following the completion of the sale, the chief operating officer now directly owns 132,995 shares of the company’s stock, valued at approximately $20,147,412.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Falk sold 58,456 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of $144.93, for a total value of $8,472,028.08. Following the completion of the sale, the director now directly owns 9,390 shares of the company’s stock, valued at $1,360,892.70. The disclosure for this sale can be found here. Insiders sold a total of 618,154 shares of company stock valued at $83,909,528 over the last three months. 26.87% of the stock is currently owned by insiders.

Shares of NASDAQ:TTD opened at $141.87 on Friday. Trade Desk Inc has a twelve month low of $40.70 and a twelve month high of $161.50. The company has a market cap of $6.06 billion, a PE ratio of 96.63, a PEG ratio of 3.59 and a beta of 3.18.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 8th. The technology company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.06). The company had revenue of $118.80 million during the quarter, compared to analysts’ expectations of $117.48 million. Trade Desk had a net margin of 15.62% and a return on equity of 22.86%. The company’s quarterly revenue was up 49.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Research analysts predict that Trade Desk Inc will post 1.56 EPS for the current fiscal 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 connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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

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