Harbor Investment Advisory LLC Buys 117 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Harbor Investment Advisory LLC increased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 68.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 287 shares of the technology company’s stock after purchasing an additional 117 shares during the period. Harbor Investment Advisory LLC’s holdings in Trade Desk were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Zhang Financial LLC purchased a new stake in shares of Trade Desk in the 4th quarter valued at $409,000. Bridgewater Advisors Inc. boosted its stake in shares of Trade Desk by 2.0% in the 4th quarter. Bridgewater Advisors Inc. now owns 10,326 shares of the technology company’s stock valued at $1,206,000 after purchasing an additional 200 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Trade Desk by 52.1% in the 4th quarter. UMB Bank n.a. now owns 774 shares of the technology company’s stock valued at $91,000 after purchasing an additional 265 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in shares of Trade Desk by 6.7% in the 4th quarter. Diversify Advisory Services LLC now owns 4,150 shares of the technology company’s stock valued at $493,000 after purchasing an additional 259 shares in the last quarter. Finally, Grove Bank & Trust boosted its stake in shares of Trade Desk by 30.6% in the 4th quarter. Grove Bank & Trust now owns 499 shares of the technology company’s stock valued at $59,000 after purchasing an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

NASDAQ:TTD opened at $120.69 on Thursday. The firm has a market cap of $59.57 billion, a P/E ratio of 197.85, a P/E/G ratio of 3.94 and a beta of 1.45. The Trade Desk, Inc. has a fifty-two week low of $66.56 and a fifty-two week high of $141.53. The firm has a 50-day simple moving average of $125.93 and a two-hundred day simple moving average of $113.29.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The firm had revenue of $628.02 million for the quarter, compared to the consensus estimate of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same quarter in the prior year, the business posted $0.08 earnings per share. On average, equities research analysts predict that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

TTD has been the subject of several analyst reports. Robert W. Baird increased their price target on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wells Fargo & Company increased their price target on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a research report on Monday, October 7th. KeyCorp increased their price target on shares of Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Finally, Wedbush increased their price target on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. One 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $133.13.

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the firm’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 sale, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is owned by company insiders.

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.