Cypress Asset Management Inc. TX Has $1.93 Million Holdings in Trade Desk Inc (NASDAQ:TTD)

Cypress Asset Management Inc. TX raised its holdings in shares of Trade Desk Inc (NASDAQ:TTD) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,440 shares of the technology company’s stock after purchasing an additional 240 shares during the period. Cypress Asset Management Inc. TX’s holdings in Trade Desk were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TTD. Wealthcare Advisory Partners LLC boosted its stake in Trade Desk by 560.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 165 shares of the technology company’s stock valued at $31,000 after purchasing an additional 140 shares during the period. Envestnet Asset Management Inc. boosted its stake in Trade Desk by 75.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,030 shares of the technology company’s stock valued at $943,000 after purchasing an additional 2,165 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Trade Desk by 3.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,372 shares of the technology company’s stock valued at $445,000 after purchasing an additional 77 shares during the period. Alpha Cubed Investments LLC acquired a new position in Trade Desk during the 3rd quarter valued at about $217,000. Finally, Covenant Asset Management LLC boosted its stake in Trade Desk by 1.6% during the 3rd quarter. Covenant Asset Management LLC now owns 18,883 shares of the technology company’s stock valued at $3,542,000 after purchasing an additional 305 shares during the period. Institutional investors own 66.05% of the company’s stock.

TTD stock opened at $305.30 on Friday. Trade Desk Inc has a 52 week low of $145.51 and a 52 week high of $313.99. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 155.62, a price-to-earnings-growth ratio of 5.03 and a beta of 2.74. The firm’s 50-day moving average is $280.89 and its two-hundred day moving average is $242.41. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31.

In related news, insider Vivian Yang sold 3,405 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $261.12, for a total value of $889,113.60. Following the sale, the insider now directly owns 47,725 shares in the company, valued at approximately $12,461,952. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Wells sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $281.70, for a total transaction of $2,817,000.00. Following the completion of the sale, the director now owns 19,408 shares in the company, valued at $5,467,233.60. The disclosure for this sale can be found here. Insiders have sold a total of 202,247 shares of company stock worth $50,648,522 over the last 90 days. 17.44% of the stock is owned by insiders.

TTD has been the subject of a number of analyst reports. BidaskClub raised shares of Trade Desk from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Pivotal Research boosted their price target on shares of Trade Desk from $250.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. They noted that the move was a valuation call. SunTrust Banks restated a “buy” rating and set a $285.00 price target on shares of Trade Desk in a research report on Wednesday, November 6th. Oppenheimer boosted their price target on shares of Trade Desk from $260.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Finally, Wells Fargo & Co boosted their price target on shares of Trade Desk from $240.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $244.24.

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).

Featured Article: Average Daily Trade Volume – What You Need to Know

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)

Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.