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

Trade Desk (NASDAQ:TTD) had its price target lifted by KeyCorp from $130.00 to $140.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

A number of other equities analysts have also weighed in on the company. StockNews.com lowered Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Needham & Company LLC lifted their target price on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Citigroup boosted their target price on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company began coverage on shares of Trade Desk in a research report on Monday, October 28th. They set an “overweight” rating and a $150.00 price target on the stock. Finally, Evercore ISI boosted their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.83.

Trade Desk Stock Performance

Shares of TTD opened at $118.80 on Friday. The firm has a market cap of $58.64 billion, a P/E ratio of 194.75, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45. Trade Desk has a 52 week low of $61.47 and a 52 week high of $141.53. The firm’s 50-day simple moving average is $126.73 and its 200 day simple moving average is $111.77.

Insider Activity at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the transaction, the director now owns 28,636 shares of the company’s stock, valued at $3,375,898.04. This represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,086 shares of company stock valued at $4,654,466. 9.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Trade Desk

Large investors have recently modified their holdings of the business. Edgewood Management LLC raised its position in Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after purchasing an additional 5,675,571 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after buying an additional 2,013,047 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after acquiring an additional 1,720,650 shares during the period. International Assets Investment Management LLC boosted its holdings in Trade Desk by 10,856.6% in the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after acquiring an additional 1,558,465 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Trade Desk by 100.2% during the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after purchasing an additional 872,555 shares during the period. 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.