PEAK6 Investments L.P. lifted its holdings in Trade Desk Inc (NASDAQ:TTD) by 50.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,928 shares of the technology company’s stock after purchasing an additional 14,139 shares during the period. PEAK6 Investments L.P. owned 0.10% of Trade Desk worth $1,917,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of TTD. Benjamin F. Edwards & Company Inc. increased its stake in Trade Desk by 129.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,750 shares of the technology company’s stock valued at $126,000 after acquiring an additional 1,550 shares during the period. Great West Life Assurance Co. Can increased its stake in Trade Desk by 57.7% during the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock valued at $165,000 after acquiring an additional 1,038 shares during the period. SG Americas Securities LLC bought a new position in Trade Desk during the fourth quarter valued at about $169,000. Circle Wealth Management LLC bought a new position in Trade Desk during the fourth quarter valued at about $202,000. Finally, Crow Point Partners LLC bought a new position in Trade Desk during the fourth quarter valued at about $214,000. Institutional investors and hedge funds own 74.29% of the company’s stock.
Shares of Trade Desk Inc (NASDAQ:TTD) opened at $58.14 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $2,390.00 and a P/E ratio of 50.56. Trade Desk Inc has a 1-year low of $34.79 and a 1-year high of $67.30.
In related news, COO Robert David Perdue sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $46.37, for a total value of $347,775.00. Following the completion of the transaction, the chief operating officer now owns 102,238 shares in the company, valued at approximately $4,740,776.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian John Stempeck sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $49.59, for a total transaction of $495,900.00. Following the completion of the transaction, the insider now owns 44,550 shares of the company’s stock, valued at approximately $2,209,234.50. The disclosure for this sale can be found here. Insiders sold a total of 795,435 shares of company stock worth $45,360,734 over the last three months. 26.87% of the stock is owned by company insiders.
Several brokerages recently issued reports on TTD. Vetr upgraded Trade Desk from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a research note on Tuesday. Zacks Investment Research upgraded Trade Desk from a “sell” rating to a “hold” rating in a research note on Tuesday. Citigroup boosted their price target on Trade Desk from $69.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, March 9th. Wells Fargo & Co reaffirmed a “buy” rating and set a $62.00 price objective on shares of Trade Desk in a report on Friday, February 23rd. Finally, Stifel Nicolaus set a $69.00 price objective on Trade Desk and gave the company a “buy” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $66.38.
Trade Desk Profile
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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