Integrated Investment Consultants LLC Purchases 682 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Integrated Investment Consultants LLC lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 37.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,522 shares of the technology company’s stock after buying an additional 682 shares during the period. Integrated Investment Consultants LLC’s holdings in Trade Desk were worth $296,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Ithaka Group LLC boosted its stake in Trade Desk by 4.5% in the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after buying an additional 4,836 shares in the last quarter. Venture Visionary Partners LLC raised its position in shares of Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after acquiring an additional 4,296 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Trade Desk by 36.2% during the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock worth $159,132,000 after acquiring an additional 358,350 shares during the last quarter. Assetmark Inc. raised its position in shares of Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after acquiring an additional 70,687 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after acquiring an additional 4,500 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of TTD 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 has a 50-day moving average of $126.30 and a 200 day moving average of $112.80. The firm has a market capitalization of $61.41 billion, a price-to-earnings ratio of 203.97, a PEG ratio of 3.76 and a beta of 1.45.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, 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 filing with the SEC, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction 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 completion of the transaction, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,086 shares of company stock worth $4,654,466 in the last 90 days. 9.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Macquarie lifted their target price on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. Moffett Nathanson assumed coverage on Trade Desk in a research report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price on the stock. Scotiabank assumed coverage on Trade Desk in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective on the stock. Finally, Evercore ISI boosted their price objective on Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. One equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.55.

Trade Desk Company 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.