Bouvel Investment Partners LLC Boosts Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Bouvel Investment Partners LLC increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,551 shares of the technology company’s stock after buying an additional 658 shares during the period. Trade Desk accounts for 1.4% of Bouvel Investment Partners LLC’s holdings, making the stock its 25th biggest position. Bouvel Investment Partners LLC’s holdings in Trade Desk were worth $3,943,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTD. Baillie Gifford & Co. grew its position in shares of Trade Desk by 4.7% during the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after acquiring an additional 1,720,650 shares during the period. Jennison Associates LLC lifted its stake in Trade Desk by 11.0% in the 3rd 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 in the last quarter. Edgewood Management LLC boosted its holdings in shares of Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after purchasing an additional 5,675,571 shares during the last quarter. 1832 Asset Management L.P. grew its position in shares of Trade Desk by 10.5% in the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after purchasing an additional 270,800 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Trade Desk by 1.3% in the third quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock valued at $286,867,000 after purchasing an additional 32,999 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

TTD stock opened at $120.84 on Friday. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $141.53. The firm has a fifty day moving average price of $126.31 and a two-hundred day moving average price of $112.51. The firm has a market cap of $59.64 billion, a price-to-earnings ratio of 198.10, a PEG ratio of 3.76 and a beta of 1.45.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Macquarie upped their target price on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. DA Davidson boosted their price target on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Loop Capital raised their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. Finally, KeyCorp increased their price target on shares of Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $132.55.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the business’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 completion of the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,086 shares of company stock worth $4,654,466 in the last three months. 9.72% of the stock is owned by 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.