YANKCOM Partnership Invests $94,000 in The Trade Desk, Inc. (NASDAQ:TTD)

YANKCOM Partnership acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 803 shares of the technology company’s stock, valued at approximately $94,000.

Other large investors have also modified their holdings of the company. Harbor Investment Advisory LLC increased its holdings in Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after buying an additional 117 shares during the last quarter. Synergy Asset Management LLC purchased a new position in Trade Desk in the fourth quarter valued at $34,000. Exchange Traded Concepts LLC purchased a new position in Trade Desk in the fourth quarter valued at $35,000. Avior Wealth Management LLC increased its holdings in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the last quarter. Finally, Brown Lisle Cummings Inc. increased its holdings in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TTD. JMP Securities began coverage on Trade Desk in a report on Tuesday, January 21st. They set a “mkt outperform” rating and a $150.00 price objective on the stock. Stifel Nicolaus raised their price objective on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Macquarie raised their price objective on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. BTIG Research raised their price objective on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Susquehanna reaffirmed a “positive” rating and set a $150.00 price objective on shares of Trade Desk in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and an average price target of $133.13.

Trade Desk Trading Up 0.3 %

TTD stock opened at $114.65 on Friday. The firm has a 50 day moving average of $124.40 and a 200-day moving average of $114.68. The Trade Desk, Inc. has a 12-month low of $68.32 and a 12-month high of $141.53. The company has a market cap of $56.59 billion, a price-to-earnings ratio of 187.95, a PEG ratio of 3.75 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The company had revenue of $628.02 million for the quarter, compared to analyst estimates of $619.89 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. Sell-side analysts forecast that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction 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 $20,225,528.40. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock valued at $5,004,296 in the last ninety days. Corporate 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.