RMR Wealth Builders Raises Position in The Trade Desk, Inc. (NASDAQ:TTD)

RMR Wealth Builders boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 0.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,613 shares of the technology company’s stock after buying an additional 89 shares during the quarter. RMR Wealth Builders’ holdings in Trade Desk were worth $1,247,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Private Advisor Group LLC grew its stake in shares of Trade Desk by 39.6% during the second quarter. Private Advisor Group LLC now owns 32,862 shares of the technology company’s stock valued at $3,210,000 after buying an additional 9,323 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Trade Desk by 14.1% in the second quarter. Ballentine Partners LLC now owns 3,632 shares of the technology company’s stock worth $355,000 after buying an additional 449 shares during the period. Choreo LLC raised its stake in shares of Trade Desk by 124.4% during the second quarter. Choreo LLC now owns 15,174 shares of the technology company’s stock valued at $1,486,000 after acquiring an additional 8,411 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Trade Desk by 5.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 56,035 shares of the technology company’s stock worth $5,473,000 after buying an additional 3,036 shares during the period. Finally, Pier Capital LLC increased its stake in shares of Trade Desk by 6.2% during the second quarter. Pier Capital LLC now owns 9,560 shares of the technology company’s stock valued at $934,000 after buying an additional 560 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of TTD stock traded down $2.72 on Friday, hitting $118.80. 2,925,421 shares of the stock traded hands, compared to its average volume of 3,092,486. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $141.53. The firm has a 50 day simple moving average of $126.73 and a two-hundred day simple moving average of $111.77. The firm has a market cap of $58.64 billion, a price-to-earnings ratio of 194.75, a PEG ratio of 6.00 and a beta of 1.45.

Insiders Place Their Bets

In other news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated 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 directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, the director now owns 28,636 shares in the company, valued at $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. 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 brokerages have commented on TTD. Citigroup upped their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Stifel Nicolaus lifted their price objective on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Oppenheimer raised their target price on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group upped their price target on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Loop Capital boosted their target price on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.83.

About Trade Desk

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.