Watts Gwilliam & Co. LLC Grows Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Watts Gwilliam & Co. LLC raised its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,259 shares of the technology company’s stock after purchasing an additional 1,000 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in Trade Desk were worth $3,795,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC lifted its holdings in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares during the last quarter. Quarry LP purchased a new stake in Trade Desk during the second quarter valued at approximately $41,000. Brown Lisle Cummings Inc. raised its position in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares during the period. JFS Wealth Advisors LLC lifted its stake in shares of Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Trade Desk in the 3rd quarter worth approximately $51,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the transaction, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction 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 sale, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Truist Financial increased their price target on Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Needham & Company LLC increased their target price on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Susquehanna reissued a “positive” rating and issued a $150.00 price objective on shares of Trade Desk in a research report on Thursday, November 21st. Finally, Robert W. Baird raised their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One research 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 company. According to data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and an average price target of $129.48.

Trade Desk Stock Up 0.1 %

Trade Desk stock opened at $121.52 on Friday. The firm has a market cap of $59.98 billion, a P/E ratio of 199.21, a P/E/G ratio of 6.00 and a beta of 1.45. The business has a fifty day moving average of $126.70 and a two-hundred day moving average of $111.70. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $141.53.

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.