Y.D. More Investments Ltd Invests $47,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Y.D. More Investments Ltd acquired a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 400 shares of the technology company’s stock, valued at approximately $47,000.

A number of other large investors also recently bought and sold shares of the business. Harbor Investment Advisory LLC boosted its position in Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after acquiring an additional 117 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in shares of Trade Desk during the 4th quarter worth $34,000. Exchange Traded Concepts LLC bought a new stake in Trade Desk during the fourth quarter valued at about $35,000. Avior Wealth Management LLC grew its stake 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 purchasing an additional 100 shares during the last quarter. Finally, Brown Lisle Cummings Inc. raised 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 worth $41,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other news, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock valued at $5,004,296 in the last 90 days. 9.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TTD. Oppenheimer raised their price target on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. BTIG Research raised 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. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. BMO Capital Markets raised their price objective on Trade Desk from $125.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Finally, JMP Securities began coverage on Trade Desk in a research note on Tuesday, January 21st. They set a “mkt outperform” rating and a $150.00 target price on the stock. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.13.

Trade Desk Stock Performance

NASDAQ TTD opened at $114.34 on Thursday. The firm has a market capitalization of $56.43 billion, a P/E ratio of 187.44, a PEG ratio of 3.75 and a beta of 1.45. The stock has a 50-day simple moving average of $124.67 and a two-hundred day simple moving average of $114.68. The Trade Desk, Inc. has a fifty-two week low of $67.77 and a fifty-two week high of $141.53.

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