Congress Park Capital LLC Has $4.30 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Congress Park Capital LLC trimmed its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,556 shares of the technology company's stock after selling 5,070 shares during the quarter. Trade Desk makes up approximately 1.6% of Congress Park Capital LLC's portfolio, making the stock its 20th largest position. Congress Park Capital LLC's holdings in Trade Desk were worth $4,296,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TTD. Avior Wealth Management LLC boosted its holdings in shares of Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock worth $40,000 after purchasing an additional 100 shares during the period. JFS Wealth Advisors LLC lifted its position in Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock worth $41,000 after buying an additional 247 shares in the last quarter. Brown Lisle Cummings Inc. boosted its stake in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 150 shares during the period. Quarry LP purchased a new position in shares of Trade Desk during the 2nd quarter valued at $41,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Trade Desk in the third quarter worth $51,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Trading Up 3.0 %

TTD stock traded up $3.58 during trading on Friday, reaching $124.42. 3,092,172 shares of the stock were exchanged, compared to its average volume of 3,015,415. The stock has a 50 day simple moving average of $126.31 and a 200-day simple moving average of $112.51. The company has a market capitalization of $61.41 billion, a P/E ratio of 203.97, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a twelve month low of $63.63 and a twelve month high of $141.53.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Trade Desk from $111.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Loop Capital lifted their price target on Trade Desk from $120.00 to $145.00 and gave the company a "buy" rating in a report on Monday, November 11th. Royal Bank of Canada increased their price objective on Trade Desk from $136.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. 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 research note on Monday, January 6th. Finally, Piper Sandler restated an "overweight" rating and set a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $132.55.

Insider Transactions at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the company's stock in a transaction dated 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 directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,086 shares of company stock valued at $4,654,466. 9.72% of the stock is owned by corporate 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.