Summit Trail Advisors LLC Acquires 1,105 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Summit Trail Advisors LLC raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 31.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,658 shares of the technology company’s stock after acquiring an additional 1,105 shares during the quarter. Summit Trail Advisors LLC’s holdings in Trade Desk were worth $547,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTD. Edgewood Management LLC boosted its holdings in shares of Trade Desk by 133.3% in 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 purchasing an additional 5,675,571 shares during the period. Jennison Associates LLC raised its position 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 in the last quarter. Baillie Gifford & Co. raised its position 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 in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of 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 worth $172,460,000 after buying an additional 1,558,465 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Trade Desk by 55.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company’s stock worth $169,892,000 after buying an additional 551,925 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Trade Desk stock opened at $120.21 on Wednesday. The Trade Desk, Inc. has a fifty-two week low of $70.71 and a fifty-two week high of $141.53. The company has a market cap of $59.33 billion, a PE ratio of 197.07, a PEG ratio of 3.63 and a beta of 1.45. The business’s 50-day simple moving average is $123.54 and its two-hundred day simple moving average is $115.49.

Analysts Set New Price Targets

Several research firms recently weighed in on TTD. BTIG Research lifted their price objective on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. StockNews.com lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. Piper Sandler reiterated an “overweight” rating and set a $140.00 price objective (up from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Benchmark reissued a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. Finally, Citigroup upped their target price on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $133.20.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock worth $5,004,296 over the last quarter. Insiders own 9.72% of the company’s stock.

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.