The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,017 shares of the technology company’s stock after purchasing an additional 8,785 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Trade Desk were worth $8,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC increased its position in Trade Desk by 91.7% in the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after acquiring an additional 6,978,352 shares during the period. Norges Bank acquired a new position in shares of Trade Desk during the 4th quarter valued at $255,316,000. ARK Investment Management LLC increased its position in shares of Trade Desk by 1,162.0% during the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after purchasing an additional 1,979,319 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of Trade Desk during the 3rd quarter valued at $99,035,000. Finally, International Assets Investment Management LLC increased its position in shares of Trade Desk by 6,600.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company’s stock valued at $78,549,000 after purchasing an additional 1,075,269 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trade Desk

In related news, Director Kathryn E. Falberg sold 103,030 shares of Trade Desk stock in a transaction on Friday, March 8th. The stock was sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the completion of the sale, the director now owns 242,609 shares of the company’s stock, valued at $19,869,677.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the transaction, the chief executive officer now directly owns 824,022 shares in the company, valued at $69,605,138.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kathryn E. Falberg sold 103,030 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $81.90, for a total value of $8,438,157.00. Following the transaction, the director now owns 242,609 shares in the company, valued at $19,869,677.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 471,637 shares of company stock valued at $39,915,515. Insiders own 10.18% of the company’s stock.

Trade Desk Price Performance

TTD traded up $2.24 during trading on Friday, reaching $94.75. 2,000,214 shares of the stock traded hands, compared to its average volume of 4,339,095. The stock has a market cap of $46.35 billion, a price-to-earnings ratio of 236.88, a price-to-earnings-growth ratio of 4.99 and a beta of 1.50. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $97.65. The stock’s 50-day simple moving average is $86.53 and its two-hundred day simple moving average is $77.69.

Wall Street Analysts Forecast Growth

TTD has been the topic of several research analyst reports. Stephens reiterated an “overweight” rating and set a $85.00 price target on shares of Trade Desk in a research report on Friday, February 16th. Seaport Res Ptn reiterated a “neutral” rating on shares of Trade Desk in a research report on Monday, February 12th. Susquehanna reiterated a “positive” rating and set a $110.00 price target on shares of Trade Desk in a research report on Thursday, May 16th. Loop Capital lifted their price target on Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Finally, Oppenheimer raised their price objective on Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.01.

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.