Burney Co. Has $1.14 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Burney Co. decreased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,668 shares of the technology company’s stock after selling 826 shares during the period. Burney Co.’s holdings in Trade Desk were worth $1,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TTD. Federated Hermes Inc. grew its position in Trade Desk by 2,885.7% in the 2nd quarter. Federated Hermes Inc. now owns 60,491 shares of the technology company’s stock worth $5,908,000 after purchasing an additional 58,465 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Trade Desk by 7.2% during the second quarter. Envestnet Asset Management Inc. now owns 676,933 shares of the technology company’s stock worth $66,116,000 after buying an additional 45,627 shares in the last quarter. Edgestream Partners L.P. increased its stake in Trade Desk by 130.8% during the second quarter. Edgestream Partners L.P. now owns 8,636 shares of the technology company’s stock valued at $843,000 after acquiring an additional 4,895 shares during the period. Axxcess Wealth Management LLC raised its holdings in Trade Desk by 11.6% in the 2nd quarter. Axxcess Wealth Management LLC now owns 5,625 shares of the technology company’s stock valued at $549,000 after acquiring an additional 584 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Trade Desk by 1.2% in the 2nd quarter. Amalgamated Bank now owns 29,871 shares of the technology company’s stock worth $2,918,000 after acquiring an additional 349 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction 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 sale, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,086 shares of company stock worth $4,654,466. Company insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

TTD has been the subject of a number of recent research reports. Wolfe Research upped their target price on Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Wedbush increased their price objective 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. BTIG Research lifted their target price on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their price target 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, Wells Fargo & Company lifted their price objective on Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.55.

Trade Desk Stock Up 1.0 %

Trade Desk stock opened at $120.84 on Friday. The business’s 50-day simple moving average is $126.31 and its 200 day simple moving average is $112.51. The stock has a market cap of $59.64 billion, a price-to-earnings ratio of 198.10, a P/E/G ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $141.53.

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.