Kathmere Capital Management LLC Has $273,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Kathmere Capital Management LLC boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 13.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,324 shares of the technology company’s stock after buying an additional 277 shares during the quarter. Kathmere Capital Management LLC’s holdings in Trade Desk were worth $273,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its holdings in Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after acquiring an additional 1,720,650 shares in the last quarter. Jennison Associates LLC increased its position in shares of Trade Desk by 11.0% during 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 acquiring an additional 2,013,047 shares during the last quarter. Edgewood Management LLC boosted its holdings in shares of Trade Desk by 133.3% in 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. 1832 Asset Management L.P. boosted its stake in Trade Desk by 10.5% in the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after acquiring an additional 270,800 shares during the last quarter. Finally, FMR LLC grew its holdings in Trade Desk by 1.3% during the third quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock valued at $286,867,000 after purchasing an additional 32,999 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

TTD has been the subject of a number of recent research reports. Moffett Nathanson initiated coverage on shares of Trade Desk in a research note on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price objective for the company. Truist Financial boosted their price target on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Wells Fargo & Company raised their price objective on Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank of Canada upped their price target on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Benchmark restated a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.55.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $120.84 on Friday. The stock has a market capitalization of $59.64 billion, a price-to-earnings ratio of 198.10, a PEG ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53. The firm’s fifty day simple moving average is $126.31 and its 200-day simple moving average is $112.51.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,086 shares of company stock worth $4,654,466 over the last 90 days. Company insiders own 9.72% of the company’s stock.

Trade Desk 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.