Wealthcare Advisory Partners LLC Trims Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Wealthcare Advisory Partners LLC lowered its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,239 shares of the technology company’s stock after selling 291 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Trade Desk were worth $3,319,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Avior Wealth Management LLC increased its position in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the last quarter. Quarry LP purchased a new position in Trade Desk in the 2nd quarter worth approximately $41,000. Brown Lisle Cummings Inc. increased its holdings in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 150 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings 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 worth $41,000 after buying an additional 247 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Trade Desk during the 3rd quarter valued at $51,000. Institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the topic of a number of research analyst reports. Benchmark reissued a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. Stifel Nicolaus increased 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. New Street Research raised Trade Desk from a “sell” rating to a “neutral” rating and raised their price objective for the company from $85.00 to $115.00 in a report on Monday, November 25th. Wedbush upped their target price on Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Finally, Citigroup lifted their price target on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, Trade Desk has an average rating of “Moderate Buy” and an average target price of $132.55.

Trade Desk Trading Up 3.0 %

NASDAQ:TTD opened at $124.42 on Friday. The company has a 50-day moving average price of $126.30 and a 200-day moving average price of $112.70. The stock has a market cap of $61.41 billion, a price-to-earnings ratio of 203.97, a P/E/G ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a 12 month low of $63.63 and a 12 month high of $141.53.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jay R. Grant sold 18,524 shares of the firm’s 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 transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,086 shares of company stock valued at $4,654,466 over the last three months. Corporate insiders own 9.72% of the company’s stock.

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.