PFG Investments LLC decreased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD – Free Report) by 14.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,783 shares of the technology company’s stock after selling 458 shares during the quarter. PFG Investments LLC’s holdings in Trade Desk were worth $327,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Harbor Investment Advisory LLC raised its position in Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Trade Desk in the 4th quarter valued at about $35,000. Avior Wealth Management LLC grew its holdings in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the period. Quarry LP acquired a new position in Trade Desk during the second quarter worth approximately $41,000. Finally, Brown Lisle Cummings Inc. raised its stake in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the period. Institutional investors own 67.77% of the company’s stock.
Trade Desk Stock Down 3.0 %
NASDAQ TTD opened at $118.94 on Friday. The company has a market capitalization of $58.71 billion, a price-to-earnings ratio of 194.98, a PEG ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a twelve month low of $66.56 and a twelve month high of $141.53. The stock has a fifty day simple moving average of $125.70 and a 200 day simple moving average of $114.05.
Analysts Set New Price Targets
TTD has been the subject of several research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $140.00 target price (up from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Truist Financial lifted their price objective on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. DA Davidson increased their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Robert W. Baird raised their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Wedbush upped their price target on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.13.
Read Our Latest Report on Trade Desk
Insiders Place Their Bets
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 transaction of $509,570.88. Following the sale, the insider now owns 90,709 shares in the company, 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 at 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 completion of the sale, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 553,982 shares of company stock worth $68,954,147. 9.72% of the stock is currently owned by insiders.
Trade Desk 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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