Peterson Wealth Services Has $1.03 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Peterson Wealth Services decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 7.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,802 shares of the technology company’s stock after selling 671 shares during the period. Peterson Wealth Services’ holdings in Trade Desk were worth $1,034,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTD. Harbor Investment Advisory LLC boosted its stake in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after purchasing an additional 117 shares during the period. Synergy Asset Management LLC acquired a new stake in shares of Trade Desk during the 4th quarter valued at $34,000. Exchange Traded Concepts LLC acquired a new stake in shares of Trade Desk during the 4th quarter valued at $35,000. Avior Wealth Management LLC boosted its stake in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the period. Finally, Brown Lisle Cummings Inc. boosted its stake in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % 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, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is currently owned by insiders.

Trade Desk Stock Performance

Shares of TTD stock opened at $122.54 on Tuesday. The Trade Desk, Inc. has a 52-week low of $70.71 and a 52-week high of $141.53. The stock has a market cap of $60.48 billion, a PE ratio of 200.89, a PEG ratio of 3.63 and a beta of 1.45. The firm’s 50 day moving average price is $123.92 and its two-hundred day moving average price is $115.30.

Analyst Ratings Changes

TTD has been the subject of a number of research reports. BMO Capital Markets lifted their target price on shares of Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Scotiabank started coverage on shares of Trade Desk in a research note on Thursday, December 5th. They set a “sector perform” rating and a $133.00 target price for the company. JMP Securities started coverage on shares of Trade Desk in a report on Tuesday, January 21st. They issued a “mkt outperform” rating and a $150.00 price objective for the company. Royal Bank of Canada upped their price objective on shares of Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Stifel Nicolaus upped their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.20.

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.