The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. grew its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 209,755 shares of the technology company’s stock after acquiring an additional 5,468 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Trade Desk were worth $24,653,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TTD. Baillie Gifford & Co. increased its stake in Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares in the last quarter. Jennison Associates LLC increased its position 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 raised its stake in shares of Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after buying an additional 5,675,571 shares during the last quarter. FMR LLC boosted its position in shares of Trade Desk by 1.3% in the 3rd quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock worth $286,867,000 after buying an additional 32,999 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 valued at $231,294,000 after acquiring an additional 68,206 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TTD has been the topic of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Scotiabank assumed coverage on Trade Desk in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 target price on the stock. Needham & Company LLC increased their target price on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Truist Financial boosted their price target on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company increased their price objective on Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.13.

Trade Desk Stock Down 3.1 %

TTD opened at $120.69 on Thursday. The firm’s 50 day moving average is $125.93 and its 200-day moving average is $113.29. The Trade Desk, Inc. has a 52-week low of $66.56 and a 52-week high of $141.53. The firm has a market capitalization of $59.57 billion, a P/E ratio of 197.85, a P/E/G ratio of 3.94 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last released its quarterly 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 business had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. During the same quarter last year, the firm posted $0.08 EPS. Equities analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

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.