Trade Desk (NASDAQ:TTD) Given New $140.00 Price Target at KeyCorp

Trade Desk (NASDAQ:TTD) had its target price upped by stock analysts at KeyCorp from $130.00 to $140.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective would indicate a potential upside of 16.85% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. DA Davidson increased their target price on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Citigroup upped their price objective on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Stifel Nicolaus boosted their target price on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Evercore ISI upped their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Benchmark reaffirmed a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a research note on Friday, November 8th. One equities 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.83.

Trade Desk Trading Down 1.4 %

Shares of NASDAQ TTD opened at $119.81 on Friday. The firm’s 50-day moving average price is $126.70 and its 200-day moving average price is $111.70. Trade Desk has a 12-month low of $61.47 and a 12-month high of $141.53. The stock has a market capitalization of $59.14 billion, a price-to-earnings ratio of 196.41, a P/E/G ratio of 6.00 and a beta of 1.45.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now owns 28,636 shares of the company’s stock, valued at approximately $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. Company insiders own 9.72% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTD. Avior Wealth Management LLC boosted its holdings in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. Quarry LP bought a new stake in Trade Desk in the second quarter valued at $41,000. Brown Lisle Cummings Inc. raised its stake in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares in the last quarter. 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 valued at $41,000 after acquiring an additional 247 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Trade Desk in the 3rd quarter valued at $51,000. Institutional investors own 67.77% 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.