The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Wedmont Private Capital

Wedmont Private Capital increased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,781 shares of the technology company’s stock after purchasing an additional 143 shares during the period. Wedmont Private Capital’s holdings in Trade Desk were worth $449,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Federated Hermes Inc. grew its position in Trade Desk by 2,885.7% during the 2nd quarter. Federated Hermes Inc. now owns 60,491 shares of the technology company’s stock worth $5,908,000 after purchasing an additional 58,465 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Trade Desk by 7.2% during the second quarter. Envestnet Asset Management Inc. now owns 676,933 shares of the technology company’s stock worth $66,116,000 after buying an additional 45,627 shares during the last quarter. One Capital Management LLC purchased a new stake in Trade Desk during the 2nd quarter valued at approximately $514,000. Edgestream Partners L.P. grew its stake in shares of Trade Desk by 130.8% in the 2nd quarter. Edgestream Partners L.P. now owns 8,636 shares of the technology company’s stock valued at $843,000 after purchasing an additional 4,895 shares during the last quarter. Finally, Perennial Investment Advisors LLC increased its holdings in shares of Trade Desk by 218.8% in the second quarter. Perennial Investment Advisors LLC now owns 2,987 shares of the technology company’s stock valued at $292,000 after purchasing an additional 2,050 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTD has been the topic of several recent research reports. Susquehanna reissued a “positive” rating and issued a $150.00 price objective on shares of Trade Desk in a research note on Thursday, November 21st. Wells Fargo & Company lifted their price objective on Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a report on Monday. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a report on Monday, October 7th. Scotiabank assumed coverage on Trade Desk in a report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 price objective on the stock. Finally, UBS Group boosted their target price on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.55.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the company’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 completion of the sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,086 shares of company stock worth $4,654,466 over the last 90 days. Company insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of TTD opened at $119.68 on Thursday. The stock has a market cap of $59.07 billion, a PE ratio of 196.20, a P/E/G ratio of 6.00 and a beta of 1.45. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53. The stock’s 50-day moving average is $126.55 and its two-hundred day moving average is $112.46.

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.