The Trade Desk, Inc. (NASDAQ:TTD) Stock Position Raised by Simon Quick Advisors LLC

Simon Quick Advisors LLC lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,765 shares of the technology company’s stock after buying an additional 223 shares during the quarter. Simon Quick Advisors LLC’s holdings in Trade Desk were worth $442,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Beaumont Financial Advisors LLC acquired a new position in Trade Desk during the fourth quarter worth $242,000. Bourgeon Capital Management LLC bought a new stake in shares of Trade Desk during the 4th quarter worth about $492,000. Atomi Financial Group Inc. increased its holdings in shares of Trade Desk by 78.4% during the 4th quarter. Atomi Financial Group Inc. now owns 6,053 shares of the technology company’s stock valued at $711,000 after acquiring an additional 2,660 shares during the last quarter. Alpha Cubed Investments LLC raised its stake in shares of Trade Desk by 7.9% in the 4th quarter. Alpha Cubed Investments LLC now owns 4,986 shares of the technology company’s stock valued at $586,000 after acquiring an additional 367 shares in the last quarter. Finally, Ballentine Partners LLC lifted its holdings in Trade Desk by 7.2% in the 4th quarter. Ballentine Partners LLC now owns 3,786 shares of the technology company’s stock worth $445,000 after purchasing an additional 255 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TTD shares. Evercore ISI lifted their price target on shares of Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. UBS Group lifted their target price on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Susquehanna restated a “positive” rating and set a $150.00 price target on shares of Trade Desk in a report on Thursday, November 21st. DA Davidson lifted their price objective on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average price target of $133.13.

Trade Desk Trading Down 1.3 %

NASDAQ:TTD opened at $119.14 on Friday. The stock has a market capitalization of $58.80 billion, a P/E ratio of 195.31, a price-to-earnings-growth ratio of 3.94 and a beta of 1.45. The Trade Desk, Inc. has a 1 year low of $66.56 and a 1 year high of $141.53. The firm has a 50 day moving average of $125.80 and a 200-day moving average of $113.33.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The business had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. During the same period in the prior year, the firm posted $0.08 EPS. As a group, analysts forecast that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The shares were 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 directly owns 169,464 shares of the company’s stock, valued at $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. Insiders have sold a total of 549,684 shares of company stock valued at $68,444,576 in the last 90 days. 9.72% of the stock is currently owned by insiders.

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.