Shelton Wealth Management LLC Has $1.54 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Shelton Wealth Management LLC decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 7.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,112 shares of the technology company’s stock after selling 1,061 shares during the period. Shelton Wealth Management LLC’s holdings in Trade Desk were worth $1,541,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC lifted its position in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after buying an additional 247 shares in the last quarter. Brown Lisle Cummings Inc. boosted its stake 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 last quarter. Quarry LP bought a new position in shares of Trade Desk in the 2nd quarter valued at about $41,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Trade Desk in the third quarter valued at about $51,000. 67.77% of the stock is currently owned by institutional investors.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the firm’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 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 disclosure for this sale can be found here. Insiders sold a total of 38,086 shares of company stock valued at $4,654,466 over the last quarter. 9.72% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Wolfe Research raised their target price on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. DA Davidson boosted their target price on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, November 11th. UBS Group increased their price target on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Wedbush upped their target price on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, January 6th. One investment 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. Based on data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and a consensus price target of $132.55.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $124.42 on Friday. The stock has a market capitalization of $61.41 billion, a PE ratio of 203.97, a P/E/G ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a fifty-two week low of $63.63 and a fifty-two week high of $141.53. The business has a fifty day moving average price of $126.30 and a two-hundred day moving average price of $112.70.

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.