Level Four Advisory Services LLC Grows Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Level Four Advisory Services LLC grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 16.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,486 shares of the technology company’s stock after purchasing an additional 1,365 shares during the quarter. Level Four Advisory Services LLC’s holdings in Trade Desk were worth $683,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of Trade Desk in the 3rd quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new stake in Trade Desk during the third quarter worth about $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Trade Desk in the 3rd quarter worth about $29,000. Level Financial Advisors Inc. grew its holdings in shares of Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after purchasing an additional 150 shares during the period. Finally, Ancora Advisors LLC grew its stake in Trade Desk by 56.5% during the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock worth $38,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

NASDAQ TTD opened at $97.50 on Tuesday. The stock has a market capitalization of $47.69 billion, a P/E ratio of 243.76, a P/E/G ratio of 4.99 and a beta of 1.50. The business’s fifty day moving average is $85.26 and its two-hundred day moving average is $77.22. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $97.65.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TTD shares. Stifel Nicolaus boosted their target price on shares of Trade Desk from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Benchmark upped their target price on Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research report on Friday, February 16th. DA Davidson raised their price target on shares of Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Truist Financial reaffirmed a “buy” rating and issued a $105.00 price target on shares of Trade Desk in a report on Thursday, May 16th. Finally, Susquehanna reissued a “positive” rating and set a $110.00 price objective on shares of Trade Desk in a report on Thursday, May 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average price target of $93.01.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Kathryn E. Falberg sold 103,030 shares of Trade Desk stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the transaction, the director now directly owns 242,609 shares in the company, valued at approximately $19,869,677.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Trade Desk news, Director Kathryn E. Falberg sold 103,030 shares of Trade Desk stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the transaction, the director now owns 242,609 shares of the company’s stock, valued at approximately $19,869,677.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 66,007 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $87.38, for a total transaction of $5,767,691.66. Following the completion of the sale, the chief executive officer now directly owns 1,051,622 shares of the company’s stock, valued at $91,890,730.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 621,637 shares of company stock valued at $52,221,515. 10.18% of the stock is currently owned by corporate insiders.

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.