West Oak Capital LLC Has $4.06 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

West Oak Capital LLC raised its position in The Trade Desk, Inc. (NASDAQ:TTD) by 45,996.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 34,572 shares of the technology company’s stock after acquiring an additional 34,497 shares during the period. Trade Desk makes up about 1.2% of West Oak Capital LLC’s holdings, making the stock its 16th largest position. West Oak Capital LLC’s holdings in Trade Desk were worth $4,063,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TTD. CAP Partners LLC raised its stake in shares of Trade Desk by 1.4% in the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after buying an additional 86 shares during the period. RMR Wealth Builders raised its stake in shares of Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock valued at $1,247,000 after buying an additional 89 shares during the period. Allworth Financial LP raised its stake in shares of Trade Desk by 2.7% during the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after purchasing an additional 97 shares during the period. Avior Wealth Management LLC raised its stake 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, Advisory Resource Group raised its stake in shares of Trade Desk by 1.0% during the 3rd quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TTD. KeyCorp upped their price target on Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday. Susquehanna reissued a “positive” rating and issued a $150.00 target price on shares of Trade Desk in a report on Thursday, November 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. Citigroup upped their price objective on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Benchmark reaffirmed a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a report 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.83.

Insider Activity

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction on 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 directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. This trade represents a 4.52 % 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 Stock Performance

Shares of TTD stock traded down $2.72 on Friday, hitting $118.80. The stock had a trading volume of 2,925,448 shares, compared to its average volume of 3,094,839. The firm has a market capitalization of $58.64 billion, a price-to-earnings ratio of 194.75, a P/E/G ratio of 6.00 and a beta of 1.45. The stock’s 50 day moving average is $126.73 and its 200-day moving average is $111.77. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $141.53.

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.