Westwind Capital Invests $15.64 Million in The Trade Desk, Inc. (NASDAQ:TTD)

Westwind Capital bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 133,091 shares of the technology company’s stock, valued at approximately $15,642,000. Trade Desk comprises 3.4% of Westwind Capital’s investment portfolio, making the stock its 13th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Edgewood Management LLC raised its position in shares of Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after acquiring an additional 5,675,571 shares during the last quarter. Jennison Associates LLC increased its position in Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after purchasing an additional 2,013,047 shares during the period. Baillie Gifford & Co. raised its holdings in Trade Desk by 4.7% during the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after purchasing an additional 1,720,650 shares during the last quarter. International Assets Investment Management LLC lifted its position in Trade Desk by 10,856.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after purchasing an additional 1,558,465 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Trade Desk by 100.2% in the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after purchasing an additional 872,555 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 80,649 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 7,330 shares of the company’s stock, valued at $846,615. This represents a 91.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,528 shares of company stock valued at $14,571,290 over the last three months. 9.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Needham & Company LLC increased their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Wolfe Research raised their price target on Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday. Macquarie upped their price objective on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Wells Fargo & Company began coverage on Trade Desk in a report on Monday, October 28th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Robert W. Baird upped their price target on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.48.

Trade Desk Stock Down 4.3 %

NASDAQ:TTD traded down $5.47 during trading hours on Tuesday, hitting $121.11. 2,980,966 shares of the company’s stock traded hands, compared to its average volume of 2,801,012. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $141.53. The business’s fifty day simple moving average is $126.71 and its two-hundred day simple moving average is $111.47. The firm has a market cap of $59.78 billion, a P/E ratio of 198.54, a P/E/G ratio of 6.00 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.