133,091 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Bought by Westwind Capital

Westwind Capital purchased a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 133,091 shares of the technology company’s stock, valued at approximately $15,642,000. Trade Desk comprises 3.4% of Westwind Capital’s portfolio, making the stock its 13th largest holding.

Other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC increased its stake in 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 in the last quarter. Quarry LP purchased a new position in Trade Desk in the 2nd quarter worth approximately $41,000. Brown Lisle Cummings Inc. lifted its position in Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 150 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Trade Desk in the 3rd quarter worth $51,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TTD shares. Truist Financial lifted their price objective on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and increased their price objective for the company from $85.00 to $115.00 in a research report on Monday, November 25th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a research report on Monday, October 7th. Oppenheimer increased their price target on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Macquarie lifted their price objective on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. One investment 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.48.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 80,649 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the completion of the transaction, the chief executive officer now directly owns 7,330 shares of the company’s stock, valued at approximately $846,615. This trade represents a 91.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jay R. Grant sold 18,524 shares of the business’s 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 transaction, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,528 shares of company stock worth $14,571,290 in the last 90 days. 9.72% of the stock is owned by corporate insiders.

Trade Desk Stock Down 4.3 %

Shares of NASDAQ TTD traded down $5.47 during midday trading on Tuesday, reaching $121.11. 2,980,966 shares of the company’s stock traded hands, compared to its average volume of 2,801,012. The company has a market cap of $59.78 billion, a price-to-earnings ratio of 198.54, a P/E/G ratio of 6.00 and a beta of 1.45. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $141.53. The stock’s 50 day simple moving average is $126.71 and its 200-day simple moving average is $111.47.

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.