The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Park Place Capital Corp

Park Place Capital Corp boosted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 2,772.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,901 shares of the technology company’s stock after buying an additional 2,800 shares during the quarter. Park Place Capital Corp’s holdings in Trade Desk were worth $341,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC boosted 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 purchasing an additional 117 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Trade Desk by 37.7% during the 3rd 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. Quarry LP acquired a new stake in shares of Trade Desk during the second quarter worth approximately $41,000. Brown Lisle Cummings Inc. grew its position in shares of Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 150 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after acquiring an additional 247 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Down 3.1 %

Shares of Trade Desk stock opened at $120.69 on Thursday. The business has a fifty day simple moving average of $125.93 and a 200-day simple moving average of $113.29. The Trade Desk, Inc. has a fifty-two week low of $66.56 and a fifty-two week high of $141.53. The firm has a market cap of $59.57 billion, a price-to-earnings ratio of 197.85, a price-to-earnings-growth ratio of 3.94 and a beta of 1.45.

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. Evercore ISI lifted their price target on Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Truist Financial upped their price objective on Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Benchmark reiterated a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a research report on Friday, November 8th. Finally, JMP Securities initiated coverage on Trade Desk in a research report on Tuesday. They set a “mkt outperform” rating and a $150.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and an average target price of $133.13.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s 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 sale, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by 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.