Bridgewater Advisors Inc. Buys 200 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Bridgewater Advisors Inc. boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,326 shares of the technology company’s stock after purchasing an additional 200 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Trade Desk were worth $1,206,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC lifted its position in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares during the last quarter. Brown Lisle Cummings Inc. boosted its holdings in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the period. Quarry LP bought a new position in shares of Trade Desk during the 2nd quarter valued at approximately $41,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Trade Desk during the 3rd quarter valued at $51,000. 67.77% of the stock is owned by institutional investors.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction 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 sale, the insider now directly owns 169,464 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by company insiders.

Trade Desk Price Performance

Shares of TTD stock opened at $124.42 on Monday. The Trade Desk, Inc. has a 1-year low of $63.63 and a 1-year high of $141.53. The firm has a market cap of $61.41 billion, a PE ratio of 203.97, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45. The company has a 50-day moving average of $126.30 and a two-hundred day moving average of $112.89.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TTD. BMO Capital Markets boosted their target price on Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. Wells Fargo & Company boosted their target price on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. DA Davidson lifted their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 11th. Macquarie upped their target price on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, StockNews.com lowered Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average target price of $132.55.

Trade Desk Company 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.