Harbor Investment Advisory LLC Boosts Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Harbor Investment Advisory LLC increased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 68.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 287 shares of the technology company’s stock after acquiring an additional 117 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Trade Desk were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CAP Partners LLC boosted its holdings in shares of Trade Desk by 1.4% in the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after buying an additional 86 shares during the last quarter. RMR Wealth Builders boosted its holdings in shares of Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after buying an additional 89 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Trade Desk by 2.7% in the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after buying an additional 97 shares during the last quarter. Parisi Gray Wealth Management boosted its holdings in shares of Trade Desk by 2.2% in the fourth quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock worth $533,000 after buying an additional 99 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TTD shares. DA Davidson lifted their price target on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 11th. KeyCorp lifted their price target on shares of Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Truist Financial lifted their price target on shares of Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Needham & Company LLC lifted their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Stifel Nicolaus lifted their price target on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus price target of $133.13.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction on Monday, December 30th. The shares were 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 in the company, 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 legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s 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 sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $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. Company insiders own 9.72% of the company’s stock.

Trade Desk Stock Down 3.1 %

TTD stock opened at $120.69 on Thursday. The Trade Desk, Inc. has a twelve month low of $66.56 and a twelve month high of $141.53. The stock has a market capitalization of $59.57 billion, a price-to-earnings ratio of 197.85, a price-to-earnings-growth ratio of 3.94 and a beta of 1.45. The firm’s fifty day simple moving average is $125.93 and its two-hundred day simple moving average is $113.29.

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

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.