Brown Advisory Inc. bought a new position in Trade Desk Inc (NASDAQ:TTD) during the 4th quarter, HoldingsChannel.com reports. The firm bought 4,049 shares of the technology company’s stock, valued at approximately $470,000.

Other institutional investors have also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware bought a new stake in Trade Desk in the fourth quarter valued at $26,000. Financial Architects Inc boosted its holdings in Trade Desk by 114.1% in the fourth quarter. Financial Architects Inc now owns 304 shares of the technology company’s stock valued at $35,000 after acquiring an additional 162 shares in the last quarter. Private Capital Group LLC boosted its holdings in Trade Desk by 139.3% in the fourth quarter. Private Capital Group LLC now owns 493 shares of the technology company’s stock valued at $57,000 after acquiring an additional 287 shares in the last quarter. Flinton Capital Management LLC boosted its holdings in Trade Desk by 77.8% in the fourth quarter. Flinton Capital Management LLC now owns 544 shares of the technology company’s stock valued at $63,000 after acquiring an additional 238 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in Trade Desk by 103.9% in the fourth quarter. IFP Advisors Inc now owns 573 shares of the technology company’s stock valued at $66,000 after acquiring an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 71.76% of the company’s stock.

Shares of Trade Desk stock opened at $197.04 on Tuesday. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 102.63, a PEG ratio of 6.83 and a beta of 3.01. Trade Desk Inc has a 12 month low of $45.77 and a 12 month high of $214.70.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, February 21st. The technology company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.56 by $0.28. The business had revenue of $160.47 million during the quarter, compared to analyst estimates of $148.18 million. Trade Desk had a return on equity of 27.22% and a net margin of 18.47%. As a group, equities research analysts forecast that Trade Desk Inc will post 1.62 EPS for the current fiscal year.

TTD has been the topic of several recent analyst reports. Jefferies Financial Group lifted their price target on shares of Trade Desk from $150.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 22nd. Raymond James reiterated a “buy” rating and issued a $183.00 price target on shares of Trade Desk in a report on Friday, February 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $144.00 price target on shares of Trade Desk in a report on Wednesday, February 20th. CIBC lifted their price target on shares of Trade Desk from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, December 14th. Finally, DA Davidson raised their price objective on Trade Desk to $190.00 and gave the company a “buy” rating in a research report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $149.39.

In other news, insider David Randall Pickles sold 15,000 shares of Trade Desk stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $131.07, for a total value of $1,966,050.00. Following the completion of the transaction, the insider now owns 65,077 shares of the company’s stock, valued at approximately $8,529,642.39. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 59,760 shares of Trade Desk stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $198.63, for a total value of $11,870,128.80. Following the completion of the transaction, the chief executive officer now directly owns 153,152 shares of the company’s stock, valued at approximately $30,420,581.76. The disclosure for this sale can be found here. Insiders have sold 627,917 shares of company stock valued at $120,006,544 in the last three months. Insiders own 17.44% of the company’s stock.

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Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

Further Reading: Stock Symbol

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trade Desk Inc (NASDAQ:TTD).

Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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