Crestwood Advisors Group LLC Has $26.07 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)


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Crestwood Advisors Group LLC reduced its position in The Trade Desk, Inc. (NASDAQ:TTD) by 14.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,549 shares of the technology company’s stock after selling 5,514 shares during the period. Crestwood Advisors Group LLC owned about 0.07% of The Trade Desk worth $26,072,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TTD. Great West Life Assurance Co. Can boosted its stake in shares of The Trade Desk by 72,489.8% during the 3rd quarter. Great West Life Assurance Co. Can now owns 6,233,288 shares of the technology company’s stock worth $10,763,000 after acquiring an additional 6,224,701 shares in the last quarter. Morgan Stanley boosted its stake in shares of The Trade Desk by 14.9% during the 3rd quarter. Morgan Stanley now owns 3,444,492 shares of the technology company’s stock worth $1,786,933,000 after acquiring an additional 445,756 shares in the last quarter. BlackRock Inc. boosted its stake in shares of The Trade Desk by 5.9% during the 4th quarter. BlackRock Inc. now owns 2,483,610 shares of the technology company’s stock worth $1,989,372,000 after acquiring an additional 138,203 shares in the last quarter. State Street Corp boosted its stake in shares of The Trade Desk by 2.5% during the 3rd quarter. State Street Corp now owns 832,592 shares of the technology company’s stock worth $431,932,000 after acquiring an additional 20,091 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of The Trade Desk by 92.5% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 267,620 shares of the technology company’s stock worth $138,836,000 after acquiring an additional 128,628 shares in the last quarter. 66.43% of the stock is currently owned by institutional investors.

TTD stock traded down $70.05 during midday trading on Tuesday, hitting $775.17. 47,888 shares of the company’s stock were exchanged, compared to its average volume of 775,171. The stock’s fifty day moving average price is $816.56 and its 200-day moving average price is $690.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $36.41 billion, a PE ratio of 289.46, a price-to-earnings-growth ratio of 9.99 and a beta of 2.59. The Trade Desk, Inc. has a one year low of $136.00 and a one year high of $972.80.

The Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, February 17th. The technology company reported $3.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $1.83. The Trade Desk had a return on equity of 19.65% and a net margin of 19.31%. On average, analysts expect that The Trade Desk, Inc. will post 3.12 EPS for the current year.

Several research firms have recently issued reports on TTD. Stifel Nicolaus upped their price target on The Trade Desk from $420.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, November 4th. Pivotal Research increased their target price on The Trade Desk from $950.00 to $1,010.00 and gave the company a “buy” rating in a research note on Friday. Berenberg Bank started coverage on The Trade Desk in a report on Thursday, November 19th. They issued a “buy” rating and a $903.00 price target for the company. Truist increased their target price on The Trade Desk from $730.00 to $880.00 in a report on Friday. Finally, Macquarie increased their target price on The Trade Desk from $775.00 to $900.00 and gave the stock an “outperform” rating in a report on Tuesday, February 2nd. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $741.90.

In other The Trade Desk news, CTO David Randall Pickles sold 1,247 shares of The Trade Desk stock in a transaction dated Monday, December 21st. The stock was sold at an average price of $958.29, for a total value of $1,194,987.63. Following the sale, the chief technology officer now owns 47,906 shares of the company’s stock, valued at approximately $45,907,840.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 928 shares of The Trade Desk stock in a transaction dated Thursday, December 24th. The shares were sold at an average price of $942.71, for a total value of $874,834.88. Following the completion of the sale, the chief executive officer now directly owns 72,366 shares in the company, valued at approximately $68,220,151.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 187,592 shares of company stock worth $155,572,080. Corporate insiders own 12.04% of the company’s stock.

The Trade Desk Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns in various advertising formats, including display, video, audio, native and social, and on various devices, such as computers, mobile devices, and connected TV.

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

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