Stonebridge Financial Group LLC Invests $328,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Stonebridge Financial Group LLC purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,788 shares of the technology company’s stock, valued at approximately $328,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Investment Advisory LLC boosted its holdings in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in shares of Trade Desk during the 4th quarter valued at approximately $34,000. Exchange Traded Concepts LLC acquired a new position in Trade Desk in the fourth quarter valued at approximately $35,000. Avior Wealth Management LLC grew its position in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares during the period. Finally, Brown Lisle Cummings Inc. increased its stake in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Down 1.9 %

TTD stock opened at $120.21 on Wednesday. The business has a 50 day moving average price of $123.54 and a 200 day moving average price of $115.49. The stock has a market cap of $59.33 billion, a price-to-earnings ratio of 197.07, a PEG ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a fifty-two week low of $70.71 and a fifty-two week high of $141.53.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $140.00 price target (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Benchmark reaffirmed a “sell” rating and set a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. Wells Fargo & Company boosted their price target on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Scotiabank began coverage on shares of Trade Desk in a report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective on the stock. Finally, Wolfe Research lifted their target price on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.20.

Insider Activity

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

About Trade Desk

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.