3,479 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Bought by Zhang Financial LLC

Zhang Financial LLC purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,479 shares of the technology company’s stock, valued at approximately $409,000.

Other institutional investors have also added to or reduced their stakes in the company. Bridgewater Advisors Inc. grew its holdings in shares of Trade Desk by 2.0% during the fourth quarter. Bridgewater Advisors Inc. now owns 10,326 shares of the technology company’s stock valued at $1,206,000 after buying an additional 200 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Trade Desk by 52.1% in the fourth quarter. UMB Bank n.a. now owns 774 shares of the technology company’s stock valued at $91,000 after purchasing an additional 265 shares during the period. Diversify Advisory Services LLC raised its stake in shares of Trade Desk by 6.7% in the fourth quarter. Diversify Advisory Services LLC now owns 4,150 shares of the technology company’s stock worth $493,000 after purchasing an additional 259 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of Trade Desk by 30.6% during the fourth quarter. Grove Bank & Trust now owns 499 shares of the technology company’s stock worth $59,000 after purchasing an additional 117 shares during the period. Finally, HB Wealth Management LLC boosted its position in Trade Desk by 12.6% in the fourth quarter. HB Wealth Management LLC now owns 9,040 shares of the technology company’s stock valued at $1,062,000 after buying an additional 1,010 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of TTD opened at $124.42 on Tuesday. The stock has a market capitalization of $61.41 billion, a PE ratio of 203.97, a P/E/G ratio of 3.94 and a beta of 1.45. The company’s 50-day simple moving average is $126.20 and its 200-day simple moving average is $113.07. The Trade Desk, Inc. has a 1 year low of $63.63 and a 1 year high of $141.53.

Insiders Place Their Bets

In other Trade Desk news, 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 transaction of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Moffett Nathanson assumed coverage on Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 price objective for the company. Wedbush upped their price objective on shares of Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Oppenheimer lifted their price target on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, KeyCorp boosted their price objective on Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. One research 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.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $132.55.

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.