Wealthcare Advisory Partners LLC Lowers Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Wealthcare Advisory Partners LLC trimmed its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 1.0% during the 4th quarter, HoldingsChannel reports. The fund owned 28,239 shares of the technology company’s stock after selling 291 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Trade Desk were worth $3,319,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TTD. Edgewood Management LLC lifted its position in Trade Desk by 133.3% in the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after acquiring an additional 5,675,571 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after purchasing an additional 2,013,047 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Trade Desk by 4.7% during the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Trade Desk by 10,856.6% during the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after buying an additional 1,558,465 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Trade Desk by 100.2% in the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after buying an additional 872,555 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTD has been the topic of several research analyst reports. Truist Financial upped their target price on shares of Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Moffett Nathanson started coverage on shares of Trade Desk in a report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 target price on the stock. UBS Group boosted their target price on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. DA Davidson raised their price target on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Morgan Stanley upped their price objective on Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $132.55.

Trade Desk Price Performance

TTD stock opened at $124.42 on Friday. The company has a market capitalization of $61.41 billion, a price-to-earnings ratio of 203.97, a PEG ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a 1-year low of $63.63 and a 1-year high of $141.53. The business has a 50 day simple moving average of $126.30 and a two-hundred day simple moving average of $112.70.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,086 shares of company stock valued at $4,654,466. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Company 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.