9,506 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Bought by Avanza Fonder AB

Avanza Fonder AB acquired a new position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,506 shares of the technology company's stock, valued at approximately $1,117,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock worth $40,000 after acquiring an additional 100 shares during the period. Quarry LP purchased a new stake in Trade Desk during the second quarter worth $41,000. Brown Lisle Cummings Inc. grew its holdings in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 150 shares during the last quarter. JFS Wealth Advisors LLC increased its position in shares of Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock valued at $41,000 after buying an additional 247 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Trade Desk during the 3rd quarter worth $51,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on TTD. New Street Research upgraded shares of Trade Desk from a "sell" rating to a "neutral" rating and raised their target price for the company from $85.00 to $115.00 in a report on Monday, November 25th. Piper Sandler restated an "overweight" rating and set a $140.00 price objective (up from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Cantor Fitzgerald reissued a "neutral" rating and set a $110.00 price target on shares of Trade Desk in a research report on Monday, October 7th. Scotiabank initiated coverage on Trade Desk in a report on Thursday, December 5th. They issued a "sector perform" rating and a $133.00 price target for the company. Finally, Wolfe Research lifted their price objective on Trade Desk from $140.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. One research 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. Based on data from MarketBeat.com, Trade Desk presently has an average rating of "Moderate Buy" and a consensus target price of $132.55.

Trade Desk Stock Up 3.0 %

Shares of NASDAQ TTD traded up $3.58 on Monday, hitting $124.42. The company had a trading volume of 3,092,172 shares, compared to its average volume of 2,789,060. The firm has a market capitalization of $61.41 billion, a P/E ratio of 203.97, a PEG ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a 12-month low of $63.63 and a 12-month high of $141.53. The business has a 50 day moving average of $126.30 and a two-hundred day moving average of $112.89.

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the firm's 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 sale, the insider now directly owns 169,464 shares of the company's stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.72% of the company's stock.

Trade Desk Company 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.