Kingsview Wealth Management LLC Decreases Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Kingsview Wealth Management LLC trimmed its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,438 shares of the technology company’s stock after selling 792 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Trade Desk were worth $1,109,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Edgewood Management LLC raised its position in Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after buying an additional 5,675,571 shares during the last quarter. Jennison Associates LLC raised its position in Trade Desk by 11.0% during the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after buying an additional 2,013,047 shares during the last quarter. Baillie Gifford & Co. raised its position in Trade Desk by 4.7% during the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after buying an additional 1,720,650 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Trade Desk by 10,856.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock worth $172,460,000 after purchasing an additional 1,558,465 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Trade Desk by 55.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company’s stock worth $169,892,000 after purchasing an additional 551,925 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,029 shares of company stock valued at $5,004,296 over the last three months. 9.72% of the stock is owned by corporate insiders.

Trade Desk Stock Down 1.9 %

Shares of TTD opened at $120.21 on Wednesday. The stock has a 50 day moving average price of $123.54 and a 200 day moving average price of $115.49. The company has a market capitalization of $59.33 billion, a price-to-earnings ratio of 197.07, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a 52-week low of $70.71 and a 52-week high of $141.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TTD shares. BMO Capital Markets raised their price objective on shares of Trade Desk from $125.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. BTIG Research lifted their price target on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and lifted their price target for the company from $85.00 to $115.00 in a research note on Monday, November 25th. Evercore ISI lifted their price target on shares of Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley lifted their price target on shares of Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.20.

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.