Berbice Capital Management LLC Makes New $47,000 Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Berbice Capital Management LLC acquired a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 400 shares of the technology company’s stock, valued at approximately $47,000.

A number of other large investors have also recently made changes to their positions in the business. Encompass More Asset Management lifted its stake in shares of Trade Desk by 51.6% in the fourth quarter. Encompass More Asset Management now owns 4,008 shares of the technology company’s stock valued at $471,000 after buying an additional 1,364 shares in the last quarter. RFG Advisory LLC lifted its stake in shares of Trade Desk by 37.2% in the fourth quarter. RFG Advisory LLC now owns 15,821 shares of the technology company’s stock valued at $1,859,000 after buying an additional 4,290 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after buying an additional 169 shares in the last quarter. Lifestyle Asset Management Inc. bought a new position in shares of Trade Desk in the fourth quarter valued at $271,000. Finally, Donoghue Forlines LLC lifted its stake in shares of Trade Desk by 214.9% in the fourth quarter. Donoghue Forlines LLC now owns 15,932 shares of the technology company’s stock valued at $1,872,000 after buying an additional 10,872 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction on 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 completion of the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 549,684 shares of company stock worth $68,444,576 in the last three months. 9.72% of the stock is owned by corporate insiders.

Trade Desk Stock Performance

Shares of TTD opened at $120.06 on Friday. The Trade Desk, Inc. has a one year low of $66.56 and a one year high of $141.53. The stock has a market capitalization of $59.26 billion, a price-to-earnings ratio of 196.70, a PEG ratio of 3.82 and a beta of 1.45. The stock has a 50 day moving average price of $125.80 and a 200 day moving average price of $113.33.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). The company had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same quarter in the previous year, the company earned $0.08 earnings per share. On average, analysts predict that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group raised their price target on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Truist Financial raised their price target on shares of Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Citizens Jmp raised shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday. Susquehanna reissued a “positive” rating and set a $150.00 price target on shares of Trade Desk in a research report on Thursday, November 21st. Finally, New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and raised their price target for the company from $85.00 to $115.00 in a research report on Monday, November 25th. One research 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 stock. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.13.

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.