Soltis Investment Advisors LLC Raises Position in The Trade Desk, Inc. (NASDAQ:TTD)

Soltis Investment Advisors LLC increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 122.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,208 shares of the technology company’s stock after purchasing an additional 3,973 shares during the period. Soltis Investment Advisors LLC’s holdings in Trade Desk were worth $847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TTD. Harbor Investment Advisory LLC raised its position in shares of 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 purchasing an additional 117 shares during the period. Synergy Asset Management LLC bought a new stake in shares of Trade Desk during the 4th quarter valued at $34,000. Exchange Traded Concepts LLC bought a new stake in shares of Trade Desk during the 4th quarter valued at $35,000. Avior Wealth Management LLC raised its position in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the period. Finally, Brown Lisle Cummings Inc. raised its position in shares of 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. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock valued at $5,004,296 in the last three months. Company insiders own 9.72% of the company’s stock.

Trade Desk Trading Up 4.5 %

TTD stock opened at $122.54 on Tuesday. The stock has a market cap of $60.48 billion, a PE ratio of 200.89, a P/E/G ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a 12 month low of $70.71 and a 12 month high of $141.53. The company has a 50-day moving average price of $123.92 and a 200 day moving average price of $115.30.

Wall Street Analyst Weigh In

Several analysts have recently commented on TTD shares. Oppenheimer raised their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. 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. 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 price target on the stock. Piper Sandler reiterated an “overweight” rating and issued a $140.00 price target (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Finally, UBS Group lifted their price target on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $133.20.

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.