Integrated Investment Consultants LLC boosted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD – Free Report) by 37.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,522 shares of the technology company’s stock after purchasing an additional 682 shares during the period. Integrated Investment Consultants LLC’s holdings in Trade Desk were worth $296,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of TTD. Ithaka Group LLC raised its stake in shares of Trade Desk by 4.5% in the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after acquiring an additional 4,836 shares during the period. Venture Visionary Partners LLC raised its stake in shares of Trade Desk by 33.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after acquiring an additional 4,296 shares during the period. Nordea Investment Management AB raised its stake in shares of Trade Desk by 36.2% in the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after acquiring an additional 358,350 shares during the period. Assetmark Inc. raised its stake in shares of Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after acquiring an additional 70,687 shares during the period. Finally, Swiss National Bank raised its stake in shares of Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after acquiring an additional 4,500 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently issued reports on TTD. StockNews.com downgraded shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Citigroup boosted their price target on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. BMO Capital Markets upped their target price on shares of Trade Desk from $125.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday. Needham & Company LLC upped their target price on shares of Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Wolfe Research upped their target price on shares of Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and an average target price of $132.55.
Trade Desk Price Performance
TTD opened at $124.42 on Friday. The Trade Desk, Inc. has a fifty-two week low of $63.63 and a fifty-two week high of $141.53. The firm’s fifty day moving average price is $126.30 and its two-hundred day moving average price is $112.80. The company has a market capitalization of $61.41 billion, a P/E ratio of 203.97, a P/E/G ratio of 3.76 and a beta of 1.45.
Insider Activity
In related news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was 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. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,086 shares of company stock worth $4,654,466. Corporate insiders own 9.72% of the company’s stock.
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.
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