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

Values First Advisors Inc. boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 0.9% during the fourth quarter, HoldingsChannel reports. The fund 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 quarter.

Several other hedge funds also recently added to or reduced their stakes in TTD. Koshinski Asset Management Inc. purchased a new stake in shares of Trade Desk in the 3rd quarter valued at $213,000. Creative Planning raised its holdings in shares of Trade Desk by 10.6% in the 3rd quarter. Creative Planning now owns 129,599 shares of the technology company’s stock valued at $14,211,000 after purchasing an additional 12,384 shares in the last quarter. Swedbank AB boosted its position in shares of Trade Desk by 22.6% during the 3rd quarter. Swedbank AB now owns 288,041 shares of the technology company’s stock worth $31,584,000 after acquiring an additional 53,130 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Trade Desk by 12.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 11,046 shares of the technology company’s stock valued at $1,211,000 after acquiring an additional 1,193 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of Trade Desk during the 3rd quarter worth about $263,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction dated 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 sale, the chief executive officer now 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 41,029 shares of company stock worth $5,004,296. Insiders own 9.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TTD. Evercore ISI upped their target price on shares of Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. BMO Capital Markets lifted their price target on Trade Desk from $125.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Wedbush lifted their target price on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Royal Bank of Canada upped their target price on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Truist Financial boosted their price target on Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $133.20.

Trade Desk Stock Down 1.9 %

Trade Desk stock opened at $120.21 on Wednesday. The firm has a market capitalization of $59.33 billion, a PE ratio of 197.07, a P/E/G ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a 52 week low of $70.71 and a 52 week high of $141.53. The firm’s 50-day simple moving average is $123.54 and its 200 day simple moving average is $115.49.

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.