Trust Co. of Vermont Has $731,000 Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Trust Co. of Vermont lifted its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 8,785.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,220 shares of the technology company's stock after acquiring an additional 6,150 shares during the period. Trust Co. of Vermont's holdings in Trade Desk were worth $731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Edgewood Management LLC boosted its holdings in Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company's stock valued at $1,089,280,000 after acquiring an additional 5,675,571 shares during the period. Jennison Associates LLC boosted its stake in Trade Desk by 11.0% during the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock valued at $2,228,172,000 after purchasing an additional 2,013,047 shares during the period. Baillie Gifford & Co. boosted its stake in Trade Desk by 4.7% during the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares during the period. International Assets Investment Management LLC grew its holdings in Trade Desk by 10,856.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company's stock valued at $172,460,000 after buying an additional 1,558,465 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Trade Desk by 100.2% in the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company's stock worth $170,275,000 after buying an additional 872,555 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Evercore ISI raised their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Benchmark restated a "sell" rating and set a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. Macquarie upped their price objective on shares of Trade Desk from $133.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. StockNews.com downgraded Trade Desk from a "buy" rating to a "hold" rating in a research report on Saturday, November 30th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $110.00 price target on shares of Trade Desk in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $132.55.

Trade Desk Stock Performance

Shares of NASDAQ TTD traded up $3.58 during trading on Friday, reaching $124.42. The company had a trading volume of 3,092,172 shares, compared to its average volume of 2,789,060. The Trade Desk, Inc. has a 52 week low of $63.63 and a 52 week high of $141.53. The business's 50 day moving average price is $126.30 and its 200-day moving average price is $112.80. The stock has a market cap of $61.41 billion, a PE ratio of 203.97, a PEG ratio of 3.76 and a beta of 1.45.

Insider Activity at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the company's 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 transaction, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the business'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 approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,086 shares of company stock valued at $4,654,466 over the last quarter. Corporate insiders own 9.72% of the company's stock.

About Trade Desk

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.