Trust Co. of Vermont Raises Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Trust Co. of Vermont lifted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 8,785.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,220 shares of the technology company’s stock after buying an additional 6,150 shares during the period. Trust Co. of Vermont’s holdings in Trade Desk were worth $731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CAP Partners LLC boosted its position in shares of Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after buying an additional 86 shares in the last quarter. RMR Wealth Builders raised its position in Trade Desk by 0.8% during the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after acquiring an additional 89 shares during the last quarter. Allworth Financial LP grew its position in shares of Trade Desk by 2.7% in the third 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 last quarter. Parisi Gray Wealth Management increased its stake in shares of Trade Desk by 2.2% during the 4th quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock worth $533,000 after purchasing an additional 99 shares in the last quarter. Finally, 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 worth $40,000 after purchasing an additional 100 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TTD. Needham & Company LLC increased their target price on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Susquehanna reiterated a “positive” rating and set a $150.00 price objective on shares of Trade Desk in a research report on Thursday, November 21st. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and upped their target price for the company from $85.00 to $115.00 in a report on Monday, November 25th. Stifel Nicolaus lifted their price target on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Loop Capital raised their target price on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One equities research 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.55.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,086 shares of company stock valued at $4,654,466. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Stock Up 3.0 %

Shares of NASDAQ:TTD opened at $124.42 on Friday. The company has a 50 day moving average of $126.30 and a two-hundred day moving average of $112.80. The Trade Desk, Inc. has a 52-week low of $63.63 and a 52-week high of $141.53. The company has a market capitalization of $61.41 billion, a price-to-earnings ratio of 203.97, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45.

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.