Peterson Wealth Services Has $1.03 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Peterson Wealth Services trimmed its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,802 shares of the technology company’s stock after selling 671 shares during the period. Peterson Wealth Services’ holdings in Trade Desk were worth $1,034,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TTD. Livforsakringsbolaget Skandia Omsesidigt grew its position in Trade Desk by 258.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,405 shares of the technology company’s stock valued at $373,000 after purchasing an additional 2,456 shares in the last quarter. Annex Advisory Services LLC bought a new position in Trade Desk in the third quarter valued at $210,000. Koshinski Asset Management Inc. bought a new position in Trade Desk in the third quarter valued at $213,000. Compagnie Lombard Odier SCmA grew its position in Trade Desk by 6.2% in the third quarter. Compagnie Lombard Odier SCmA now owns 2,123 shares of the technology company’s stock valued at $233,000 after purchasing an additional 123 shares in the last quarter. Finally, Creative Planning grew its position in Trade Desk by 10.6% in the third quarter. Creative Planning now owns 129,599 shares of the technology company’s stock valued at $14,211,000 after purchasing an additional 12,384 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. DA Davidson raised their target price on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Citigroup lifted their price objective 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. Piper Sandler reissued an “overweight” rating and issued a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. UBS Group lifted their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, KeyCorp lifted their price objective on shares of Trade Desk from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.20.

Insider Activity

In other news, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Stock Up 4.5 %

Shares of Trade Desk stock opened at $122.54 on Tuesday. The Trade Desk, Inc. has a twelve month low of $70.71 and a twelve month high of $141.53. The company has a 50-day simple moving average of $123.92 and a two-hundred day simple moving average of $115.30. The stock has a market capitalization of $60.48 billion, a price-to-earnings ratio of 200.89, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45.

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.