Diversified Portfolios Inc. Acquires New Shares in The Trade Desk, Inc. (NASDAQ:TTD)

Diversified Portfolios Inc. bought a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,045 shares of the technology company’s stock, valued at approximately $224,000.

A number of other large investors have also recently bought and sold shares of the business. Transcendent Capital Group LLC bought a new stake in shares of Trade Desk during the 2nd quarter worth $30,000. EdgeRock Capital LLC acquired a new stake in shares of Trade Desk in the second quarter valued at about $37,000. Quarry LP bought a new position in shares of Trade Desk in the second quarter worth about $41,000. Brown Lisle Cummings Inc. lifted its position 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 worth $41,000 after purchasing an additional 150 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of Trade Desk by 194.5% during the third 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. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Trading Down 1.1 %

NASDAQ TTD opened at $125.88 on Friday. The company has a market capitalization of $61.88 billion, a PE ratio of 206.36, a P/E/G ratio of 6.07 and a beta of 1.47. The stock has a 50-day simple moving average of $114.89 and a 200 day simple moving average of $102.26. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $132.65.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 20,579 shares of Trade Desk stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the transaction, the insider now owns 178,853 shares of the company’s stock, valued at approximately $19,432,378.45. The trade was a 10.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the sale, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at $39,682,694.40. This represents a 42.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,548,289 shares of company stock valued at $169,165,185 in the last 90 days. 9.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TTD has been the subject of several research reports. KeyCorp increased their target price on shares of Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. DA Davidson increased their price target on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday. Moffett Nathanson initiated coverage on shares of Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 price target for the company. UBS Group upped their price objective on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a research note on Monday, October 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.65.

Trade Desk 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.