133,091 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Bought by Westwind Capital

Westwind Capital acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 133,091 shares of the technology company's stock, valued at approximately $15,642,000. Trade Desk makes up about 3.4% of Westwind Capital's portfolio, making the stock its 13th biggest holding.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on TTD. StockNews.com lowered shares of Trade Desk from a "buy" rating to a "hold" rating in a research note on Saturday, November 30th. Wedbush upped their price objective on Trade Desk from $135.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday. Benchmark reaffirmed a "sell" rating and set a $57.00 price objective on shares of Trade Desk in a research report on Friday, November 8th. Piper Sandler reissued an "overweight" rating and issued a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Finally, Truist Financial increased their price target on Trade Desk from $135.00 to $155.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. One investment 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 company. According to MarketBeat, Trade Desk currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.48.

Insider Activity

In related news, insider Jay R. Grant sold 18,524 shares of the company's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, the director now owns 28,636 shares in the company, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,528 shares of company stock worth $14,571,290 over the last three months. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Price Performance

NASDAQ:TTD traded down $5.17 during trading hours on Tuesday, reaching $121.41. 4,162,686 shares of the company traded hands, compared to its average volume of 3,201,984. The firm's 50-day moving average is $126.71 and its 200-day moving average is $111.63. The stock has a market cap of $59.92 billion, a P/E ratio of 199.03, a P/E/G ratio of 6.00 and a beta of 1.45. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $141.53.

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.