Crews Bank & Trust Buys New Position in The Trade Desk, Inc. (NASDAQ:TTD)

Crews Bank & Trust purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, HoldingsChannel reports. The firm purchased 2,050 shares of the technology company’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. raised its holdings in shares of Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after purchasing an additional 1,720,650 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after buying an additional 2,013,047 shares in the last quarter. Edgewood Management LLC increased 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 buying an additional 5,675,571 shares in the last quarter. FMR LLC lifted its position in shares of Trade Desk by 1.3% during the 3rd quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock valued at $286,867,000 after acquiring an additional 32,999 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Trade Desk by 3.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock worth $231,294,000 after acquiring an additional 68,206 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTD has been the subject of several analyst reports. KeyCorp upped their target price on Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, January 10th. UBS Group raised their target price on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Wolfe Research boosted their price target on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Evercore ISI raised their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Piper Sandler reissued an “overweight” rating and set a $140.00 target price (up from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. One 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 issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

Insiders Place Their Bets

In related news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was 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 owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 553,982 shares of company stock worth $68,954,147 in the last ninety days. Insiders own 9.72% of the company’s stock.

Trade Desk Stock Performance

NASDAQ TTD opened at $118.94 on Friday. The stock has a market capitalization of $58.71 billion, a PE ratio of 194.98, a P/E/G ratio of 3.88 and a beta of 1.45. The stock has a 50-day simple moving average of $125.70 and a 200 day simple moving average of $114.05. The Trade Desk, Inc. has a twelve month low of $66.56 and a twelve month high of $141.53.

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

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.