Shelton Wealth Management LLC Has $1.54 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Shelton Wealth Management LLC reduced its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,112 shares of the technology company’s stock after selling 1,061 shares during the period. Shelton Wealth Management LLC’s holdings in Trade Desk were worth $1,541,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Baillie Gifford & Co. grew its position in Trade Desk by 4.7% during the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after buying an additional 1,720,650 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after acquiring an additional 2,013,047 shares during the period. Edgewood Management LLC grew its holdings in shares of 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 in the last quarter. 1832 Asset Management L.P. increased its position in shares of Trade Desk by 10.5% during the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after purchasing an additional 270,800 shares during the period. Finally, FMR LLC raised its stake in shares of Trade Desk by 1.3% in the third quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock valued at $286,867,000 after purchasing an additional 32,999 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Up 3.0 %

Trade Desk stock opened at $124.42 on Friday. The Trade Desk, Inc. has a 1 year low of $63.63 and a 1 year high of $141.53. The company’s 50-day moving average is $126.30 and its two-hundred day moving average is $112.70. The company has a market cap of $61.41 billion, a PE ratio of 203.97, a PEG ratio of 3.76 and a beta of 1.45.

Analyst Upgrades and Downgrades

TTD has been the topic of several analyst reports. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and boosted their price target for the company from $85.00 to $115.00 in a report on Monday, November 25th. Wells Fargo & Company upped their target price on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Loop Capital raised their price target on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a research note on Monday, October 7th. Finally, KeyCorp raised their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. One research 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 company. According to MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average price target of $132.55.

Insider Activity at Trade Desk

In other 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 sale, the director now directly 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 legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,086 shares of company stock worth $4,654,466 over the last ninety days. Company insiders own 9.72% 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.