Zhang Financial LLC Makes New Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Zhang Financial LLC acquired a new stake in The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,479 shares of the technology company’s stock, valued at approximately $409,000.

Several other large investors have also recently bought and sold shares of TTD. Avior Wealth Management LLC grew its position in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after buying an additional 247 shares during the period. Brown Lisle Cummings Inc. boosted its stake in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares in the last quarter. Quarry LP purchased a new stake in shares of Trade Desk in the 2nd quarter worth approximately $41,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Trade Desk during the third quarter valued at $51,000. 67.77% of the stock is owned by institutional investors.

Trade Desk Price Performance

TTD stock opened at $124.42 on Tuesday. The Trade Desk, Inc. has a 1-year low of $63.63 and a 1-year high of $141.53. The business has a 50-day moving average price of $126.20 and a 200 day moving average price of $113.07. The company has a market capitalization of $61.41 billion, a P/E ratio of 203.97, a PEG ratio of 3.94 and a beta of 1.45.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TTD. Evercore ISI upped their price target on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 target price (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a research report on Monday, October 7th. Wedbush increased their target price on Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Finally, Oppenheimer boosted their price target on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.55.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The stock was 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. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.