Bouvel Investment Partners LLC Acquires 658 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Bouvel Investment Partners LLC grew its position in The Trade Desk, Inc. (NASDAQ:TTD) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,551 shares of the technology company’s stock after purchasing an additional 658 shares during the period. Trade Desk comprises approximately 1.4% of Bouvel Investment Partners LLC’s holdings, making the stock its 25th biggest holding. Bouvel Investment Partners LLC’s holdings in Trade Desk were worth $3,943,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ithaka Group LLC boosted its position in shares of Trade Desk by 4.5% in the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after purchasing an additional 4,836 shares during the last quarter. Venture Visionary Partners LLC raised its holdings in Trade Desk by 33.0% during the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after buying an additional 4,296 shares during the period. Nordea Investment Management AB boosted 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 buying an additional 358,350 shares during the period. Assetmark Inc. lifted its stake in Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after acquiring an additional 70,687 shares in the last quarter. Finally, Swiss National Bank boosted its position in Trade Desk by 0.3% during the 3rd 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.

Trade Desk Price Performance

TTD stock opened at $120.84 on Friday. The firm has a 50 day simple moving average of $126.31 and a two-hundred day simple moving average of $112.51. The stock has a market cap of $59.64 billion, a PE ratio of 198.10, a P/E/G ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $141.53.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TTD. DA Davidson raised their price objective on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 11th. BMO Capital Markets increased their price target on Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday. Robert W. Baird upped their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Stifel Nicolaus upped their price target on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Royal Bank of Canada increased their target price on Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. One research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.55.

Insider Buying and Selling

In other news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were 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 approximately $3,375,898.04. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,086 shares of company stock worth $4,654,466. Corporate 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.