Kingsview Wealth Management LLC Cuts Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Kingsview Wealth Management LLC lessened its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,438 shares of the technology company’s stock after selling 792 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Trade Desk were worth $1,109,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Harbor Investment Advisory LLC grew its holdings in Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Trade Desk during the fourth quarter valued at $34,000. Exchange Traded Concepts LLC acquired a new stake in shares of Trade Desk during the fourth quarter valued at $35,000. Avior Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 100 shares during the last quarter. Finally, Brown Lisle Cummings Inc. lifted its position 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 buying an additional 150 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of TTD opened at $120.21 on Wednesday. The Trade Desk, Inc. has a 12 month low of $70.71 and a 12 month high of $141.53. The stock has a fifty day moving average price of $123.54 and a 200 day moving average price of $115.49. The company has a market cap of $59.33 billion, a P/E ratio of 197.07, a PEG ratio of 3.63 and a beta of 1.45.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TTD shares. BTIG Research increased their target price on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their price objective on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Benchmark restated a “sell” rating and issued a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. Oppenheimer raised their price objective on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $85.00 to $115.00 in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $133.20.

Insiders Place Their Bets

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jay R. Grant sold 18,524 shares of the business’s 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 transaction, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is owned by company insiders.

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.