Y.D. More Investments Ltd Makes New Investment 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) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 400 shares of the technology company’s stock, valued at approximately $47,000.

Other hedge funds also recently made changes to their positions in the company. Harbor Investment Advisory LLC lifted its holdings in Trade Desk by 68.8% during 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 in the last quarter. Synergy Asset Management LLC purchased a new position in shares of Trade Desk during the 4th quarter valued at $34,000. Exchange Traded Concepts LLC purchased a new position in shares of Trade Desk during the 4th quarter valued at $35,000. Avior Wealth Management LLC boosted its holdings in Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after buying an additional 100 shares during the period. Finally, Brown Lisle Cummings Inc. increased its stake in Trade Desk by 66.7% in the 3rd 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. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $114.34 on Thursday. The firm has a market capitalization of $56.43 billion, a PE ratio of 187.44, a price-to-earnings-growth ratio of 3.75 and a beta of 1.45. The business 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 1 year low of $67.77 and a 1 year 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 (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $619.89 million. During the same quarter in the previous year, the firm earned $0.08 EPS. Equities research analysts expect that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TTD shares. Scotiabank initiated coverage on Trade Desk in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective for the company. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Stifel Nicolaus lifted their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $85.00 to $115.00 in a report on Monday, November 25th. Finally, Robert W. Baird raised their target price on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

Insider Transactions at Trade Desk

In other news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’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 value of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,029 shares of company stock worth $5,004,296. 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.