Evergreen Wealth Management LLC Makes New $842,000 Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Evergreen Wealth Management LLC purchased a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the third quarter, HoldingsChannel.com reports. The fund purchased 7,677 shares of the technology company’s stock, valued at approximately $842,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in Trade Desk by 2.7% in the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after purchasing an additional 97 shares during the period. Apella Capital LLC raised its stake in Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after buying an additional 100 shares during the period. HM Payson & Co. lifted its holdings in Trade Desk by 1.0% during the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock worth $1,083,000 after acquiring an additional 102 shares in the last quarter. Wealth Alliance grew its stake in Trade Desk by 0.6% in the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after acquiring an additional 106 shares during the period. Finally, Parisi Gray Wealth Management increased its holdings in shares of Trade Desk by 2.6% in the third quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock worth $486,000 after acquiring an additional 111 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on TTD shares. Evercore ISI upgraded Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Needham & Company LLC upped their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Oppenheimer raised their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Macquarie upped their target price on shares of Trade Desk from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Wedbush lifted their price target on Trade Desk from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.65.

Trade Desk Price Performance

NASDAQ:TTD traded down $7.73 during trading hours on Friday, hitting $118.15. The company’s stock had a trading volume of 5,125,070 shares, compared to its average volume of 3,831,881. The company has a market capitalization of $58.08 billion, a P/E ratio of 193.69, a PEG ratio of 6.07 and a beta of 1.47. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $132.65. The stock has a fifty day simple moving average of $115.25 and a 200-day simple moving average of $102.49.

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 20,579 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the completion of the sale, the insider now owns 178,853 shares of the company’s stock, valued at approximately $19,432,378.45. This represents a 10.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the transaction, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at $39,682,694.40. This represents a 42.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,548,289 shares of company stock valued at $169,165,185 in the last quarter. Insiders own 9.72% of the company’s stock.

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.