Values First Advisors Inc. Boosts Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Values First Advisors Inc. raised its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,892 shares of the technology company’s stock after buying an additional 107 shares during the period. Values First Advisors Inc.’s holdings in Trade Desk were worth $1,398,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Focus Financial Network Inc. lifted its holdings in Trade Desk by 2.2% during the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company’s stock valued at $456,000 after buying an additional 84 shares in the last quarter. CAP Partners LLC increased its position in shares of Trade Desk by 1.4% during the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after acquiring an additional 86 shares during the period. RMR Wealth Builders increased its position in shares of Trade Desk by 0.8% during the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after acquiring an additional 89 shares during the period. Quotient Wealth Partners LLC raised its stake in shares of Trade Desk by 4.2% during the fourth quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock valued at $276,000 after acquiring an additional 94 shares in the last quarter. Finally, TFB Advisors LLC boosted its holdings in shares of Trade Desk by 2.6% in the fourth quarter. TFB Advisors LLC now owns 3,759 shares of the technology company’s stock valued at $442,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Trade Desk stock opened at $120.21 on Wednesday. The company’s fifty day moving average price is $123.54 and its 200 day moving average price is $115.49. The stock has a market capitalization of $59.33 billion, a P/E ratio of 197.07, a P/E/G ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a 1 year low of $70.71 and a 1 year high of $141.53.

Analysts Set New Price Targets

A number of brokerages have weighed in on TTD. Macquarie lifted their target price on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Truist Financial upped their price objective on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Wedbush raised their target price on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Susquehanna restated a “positive” rating and issued a $150.00 price target on shares of Trade Desk in a report on Thursday, November 21st. Finally, Wells Fargo & Company increased their price objective 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. One 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 assigned a strong buy rating to the company. According to data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $133.20.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares in the company, valued at $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. Insiders have sold a total of 41,029 shares of company stock worth $5,004,296 over the last 90 days. 9.72% of the stock is currently owned by company 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.