Moody National Bank Trust Division Acquires New Position in The Trade Desk, Inc. (NASDAQ:TTD)

Moody National Bank Trust Division bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,382 shares of the technology company’s stock, valued at approximately $985,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TTD. Avior Wealth Management LLC boosted its position in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the last quarter. Quarry LP bought a new position in Trade Desk during the second quarter worth about $41,000. Brown Lisle Cummings Inc. grew its position in shares of Trade Desk by 66.7% during the 3rd 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. JFS Wealth Advisors LLC raised its position in shares of Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after acquiring an additional 247 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in Trade Desk during the 3rd quarter worth approximately $51,000. Institutional investors own 67.77% of the company’s stock.

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were 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 owns 704,229 shares in the company, 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 the firm’s stock in a transaction on Monday, October 21st. The shares were 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 trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,086 shares of company stock worth $4,654,466. Company insiders own 9.72% of the company’s stock.

Trade Desk Stock Down 0.8 %

Trade Desk stock opened at $117.89 on Tuesday. The company 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 firm’s fifty day moving average is $126.72 and its 200 day moving average is $112.13. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $141.53.

Analysts Set New Price Targets

Several brokerages have commented on TTD. StockNews.com downgraded shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. UBS Group lifted their target price on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Moffett Nathanson assumed coverage on Trade Desk in a report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price target for the company. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and raised their target price for the stock from $85.00 to $115.00 in a report on Monday, November 25th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.