The Trade Desk, Inc. (NASDAQ:TTD) Stock Holdings Cut by Burney Co.

Burney Co. lessened its position in The Trade Desk, Inc. (NASDAQ:TTD) by 7.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,668 shares of the technology company’s stock after selling 826 shares during the period. Burney Co.’s holdings in Trade Desk were worth $1,136,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC raised its position in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares in the last quarter. Quarry LP acquired a new position in shares of Trade Desk in the 2nd quarter worth approximately $41,000. Brown Lisle Cummings Inc. raised its holdings in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 247 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in Trade Desk during the third quarter worth approximately $51,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 1.0 %

NASDAQ TTD opened at $120.84 on Friday. The stock has a market capitalization of $59.64 billion, a PE ratio of 198.10, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month 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.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Benchmark reaffirmed a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a report on Friday, November 8th. Needham & Company LLC upped their target price on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley increased their price target on Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday. Piper Sandler restated an “overweight” rating and set a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Finally, BTIG Research raised their target price on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One investment 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.55.

Insider Activity

In related news, insider Jay R. Grant sold 18,524 shares of the firm’s 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 transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on 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 $88,338,485.76. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,086 shares of company stock worth $4,654,466. 9.72% of the stock is owned by corporate insiders.

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.