Braun Stacey Associates Inc. Decreases Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Braun Stacey Associates Inc. lowered its position in The Trade Desk, Inc. (NASDAQ:TTD) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 262,689 shares of the technology company’s stock after selling 13,765 shares during the quarter. Trade Desk comprises 1.1% of Braun Stacey Associates Inc.’s investment portfolio, making the stock its 25th largest holding. Braun Stacey Associates Inc.’s holdings in Trade Desk were worth $28,804,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TTD. Transcendent Capital Group LLC purchased a new stake in Trade Desk in the 2nd quarter worth about $30,000. EdgeRock Capital LLC purchased a new position in Trade Desk during the 2nd quarter valued at about $37,000. Quarry LP purchased a new position in Trade Desk during the 2nd quarter valued at about $41,000. Brown Lisle Cummings Inc. grew its holdings in Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in shares of Trade Desk by 194.5% during 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 last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wedbush lifted their price target on Trade Desk from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. BTIG Research boosted their target price on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Stifel Nicolaus upped their price target on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Citigroup upped their price target on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company started coverage on Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.65.

Insider Buying and Selling

In related news, insider Jay R. Grant sold 20,579 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $108.65, for a total value of $2,235,908.35. Following the completion of the transaction, the insider now directly owns 178,853 shares in the company, valued at approximately $19,432,378.45. This represents a 10.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, the director now owns 28,636 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders sold 1,548,289 shares of company stock valued at $169,165,185. 9.72% of the stock is owned by company insiders.

Trade Desk Trading Down 6.1 %

NASDAQ TTD opened at $118.15 on Monday. The stock has a market capitalization of $58.08 billion, a price-to-earnings ratio of 193.69, a PEG ratio of 5.35 and a beta of 1.47. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $132.65. The stock has a 50-day moving average of $115.25 and a 200 day moving average of $102.75.

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.