Encompass More Asset Management Purchases 1,364 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Encompass More Asset Management raised its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 51.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,008 shares of the technology company’s stock after purchasing an additional 1,364 shares during the period. Encompass More Asset Management’s holdings in Trade Desk were worth $471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TTD. Ithaka Group LLC increased its position in Trade Desk by 4.5% in the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after buying an additional 4,836 shares in the last quarter. Venture Visionary Partners LLC increased its holdings in Trade Desk by 33.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after acquiring an additional 4,296 shares in the last quarter. Nordea Investment Management AB raised its stake in Trade Desk by 36.2% during the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock worth $159,132,000 after acquiring an additional 358,350 shares during the period. Assetmark Inc. lifted its holdings in Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after purchasing an additional 70,687 shares in the last quarter. Finally, Swiss National Bank increased its stake in Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after acquiring an additional 4,500 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Trade Desk stock opened at $119.51 on Friday. The stock has a market capitalization of $58.98 billion, a P/E ratio of 196.45, a P/E/G ratio of 3.82 and a beta of 1.45. The company’s fifty day moving average price is $125.80 and its 200 day moving average price is $113.33. The Trade Desk, Inc. has a 1 year low of $66.56 and a 1 year high of $141.53.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The company had revenue of $628.02 million for the quarter, compared to analysts’ expectations of $619.89 million. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. During the same period in the prior year, the firm earned $0.08 EPS. Sell-side analysts predict that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TTD. Oppenheimer boosted their price target on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Evercore ISI upped their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Scotiabank started coverage on shares of Trade Desk in a research report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.13.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 512,953 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total value of $63,949,850.51. Following the completion of the sale, the chief executive officer now owns 243,476 shares in the company, valued at $30,354,152.92. This represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 549,684 shares of company stock valued at $68,444,576 over the last quarter. 9.72% of the stock is currently owned by insiders.

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.