Grandview Asset Management LLC Has $611,000 Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Grandview Asset Management LLC grew its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 15.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,199 shares of the technology company’s stock after buying an additional 679 shares during the period. Grandview Asset Management LLC’s holdings in Trade Desk were worth $611,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Parisi Gray Wealth Management boosted its position in Trade Desk by 2.2% during the fourth quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock worth $533,000 after purchasing an additional 99 shares during the period. Moody National Bank Trust Division acquired a new stake in shares of Trade Desk in the fourth quarter worth $985,000. Wedmont Private Capital boosted its holdings in shares of Trade Desk by 3.9% during the 4th quarter. Wedmont Private Capital now owns 3,781 shares of the technology company’s stock worth $449,000 after buying an additional 143 shares during the period. Kieckhefer Group LLC acquired a new position in Trade Desk in the 4th quarter valued at $1,237,000. Finally, Capital Investment Advisors LLC bought a new position in Trade Desk in the 4th quarter worth $214,000. Institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction dated 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 directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,086 shares of company stock valued at $4,654,466 in the last 90 days. 9.72% of the stock is currently owned by insiders.

Trade Desk Stock Performance

Shares of TTD stock opened at $117.89 on Tuesday. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $141.53. The stock has a market capitalization of $58.19 billion, a PE ratio of 193.26, a PEG ratio of 6.00 and a beta of 1.45. The stock’s fifty day moving average is $126.72 and its 200-day moving average is $112.13.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TTD shares. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Stifel Nicolaus raised their target price on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a report on Monday, October 14th. Morgan Stanley increased their price objective on Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup boosted their target price on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Macquarie increased their price target on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.76.

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.