Donor Advised Charitable Giving Inc. Sells 380 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Donor Advised Charitable Giving Inc. lessened its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 14.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,270 shares of the technology company’s stock after selling 380 shares during the period. Donor Advised Charitable Giving Inc.’s holdings in Trade Desk were worth $267,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Ithaka Group LLC boosted its holdings in Trade Desk by 4.5% in the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after acquiring an additional 4,836 shares during the last quarter. Venture Visionary Partners LLC boosted its stake in Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after acquiring an additional 4,296 shares during the last quarter. Nordea Investment Management AB boosted its stake in Trade Desk by 36.2% in the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after acquiring an additional 358,350 shares during the last quarter. Assetmark Inc. grew its holdings in Trade Desk by 2,461.2% during the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after acquiring an additional 70,687 shares during the period. Finally, Swiss National Bank raised its position in shares of Trade Desk by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after acquiring an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TTD. DA Davidson raised their price target on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. KeyCorp boosted their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Wedbush increased their price target on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a research note on Monday, October 7th. Finally, BTIG Research upped their target price on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.55.

Trade Desk Stock Performance

TTD stock opened at $124.42 on Monday. The Trade Desk, Inc. has a 52 week low of $63.63 and a 52 week high of $141.53. The company’s 50-day simple moving average is $126.30 and its 200 day simple moving average is $112.89. The company has a market capitalization of $61.41 billion, a PE ratio of 203.97, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45.

Insiders Place Their Bets

In related news, insider Jay R. Grant sold 18,524 shares of the firm’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 transaction, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm’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 transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.72% of the company’s stock.

Trade Desk Company 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.