Synergy Asset Management LLC Makes New $34,000 Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Synergy Asset Management LLC acquired a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 310 shares of the technology company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in TTD. 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 buying an additional 117 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Trade Desk during the fourth quarter worth about $35,000. Avior Wealth Management LLC boosted its holdings in shares of Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the period. Quarry LP bought a new stake in shares of Trade Desk in the second quarter worth about $41,000. Finally, Brown Lisle Cummings Inc. increased its holdings in Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

NASDAQ TTD opened at $118.68 on Friday. The stock has a market capitalization of $58.58 billion, a price-to-earnings ratio of 194.56, a PEG ratio of 3.88 and a beta of 1.45. The Trade Desk, Inc. has a 1-year low of $66.56 and a 1-year high of $141.53. The business’s fifty day moving average price is $125.48 and its 200-day moving average price is $114.18.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (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 firm had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. During the same period in the previous year, the business posted $0.08 earnings per share. Equities research analysts anticipate that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Insider Buying and Selling at Trade Desk

In other news, 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 value of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 553,982 shares of company stock valued at $68,954,147. Insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TTD shares. Truist Financial lifted their price objective on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Citigroup lifted their price target on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. DA Davidson upped their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Wedbush lifted their target price on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Finally, Morgan Stanley increased their price target on shares of Trade Desk from $130.00 to $145.00 and gave the stock 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 given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

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.