Park Avenue Securities LLC Grows Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Park Avenue Securities LLC lifted its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,519 shares of the technology company's stock after acquiring an additional 5,405 shares during the period. Park Avenue Securities LLC's holdings in Trade Desk were worth $4,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ithaka Group LLC raised its stake in Trade Desk by 4.5% during the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company's stock worth $12,378,000 after buying an additional 4,836 shares during the period. Venture Visionary Partners LLC raised its position in shares of Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company's stock worth $1,898,000 after purchasing an additional 4,296 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Trade Desk by 36.2% in the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company's stock worth $159,132,000 after purchasing an additional 358,350 shares in the last quarter. Assetmark Inc. grew its position in Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company's stock valued at $8,066,000 after purchasing an additional 70,687 shares during the period. Finally, Swiss National Bank grew its position in Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company's stock valued at $144,892,000 after purchasing an additional 4,500 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on TTD shares. StockNews.com lowered shares of Trade Desk from a "buy" rating to a "hold" rating in a research note on Saturday, November 30th. Loop Capital increased their price objective on Trade Desk from $120.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. BTIG Research upped their price target on Trade Desk from $114.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Citigroup raised their price objective on Trade Desk from $115.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, UBS Group upped their target price on shares of Trade Desk from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $132.55.

Trade Desk Stock Performance

TTD stock traded up $3.58 during midday trading on Friday, reaching $124.42. 3,092,172 shares of the company's stock traded hands, compared to its average volume of 3,015,415. The Trade Desk, Inc. has a 52 week low of $63.63 and a 52 week high of $141.53. The company has a 50-day moving average price of $126.31 and a two-hundred day moving average price of $112.51. The firm has a market capitalization of $61.41 billion, a PE ratio of 203.97, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction 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 sale, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value 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. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,086 shares of company stock worth $4,654,466. 9.72% of the stock is owned by company insiders.

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.