Arthur M. Cohen & Associates LLC Boosts Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Arthur M. Cohen & Associates LLC boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,435 shares of the technology company’s stock after acquiring an additional 1,000 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in Trade Desk were worth $756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TTD. Baillie Gifford & Co. lifted its position 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 valued at $4,245,218,000 after purchasing an additional 1,720,650 shares during the period. Jennison Associates LLC lifted its holdings in shares of Trade Desk by 11.0% in the 3rd 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 during the period. Edgewood Management LLC boosted its stake in shares of Trade Desk by 133.3% in the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after buying an additional 5,675,571 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of 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 buying an additional 270,800 shares in 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 worth $286,867,000 after acquiring an additional 32,999 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,086 shares of company stock valued at $4,654,466. Insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Moffett Nathanson began coverage on shares of Trade Desk in a research report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price on the stock. Citigroup boosted their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Scotiabank started coverage on shares of Trade Desk in a report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 target price for the company. BTIG Research lifted their price target on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, KeyCorp upped their price target on Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.55.

Trade Desk Price Performance

Shares of TTD stock opened at $124.42 on Friday. The firm’s 50-day simple moving average is $126.30 and its 200-day simple moving average is $112.70. The Trade Desk, Inc. has a 1-year low of $63.63 and a 1-year high of $141.53. The firm has a market cap of $61.41 billion, a P/E ratio of 203.97, a PEG ratio of 3.76 and a beta of 1.45.

Trade Desk Company 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.