Citizens Financial Group Inc. RI Buys New Position in The Trade Desk, Inc. (NASDAQ:TTD)

Citizens Financial Group Inc. RI purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,344 shares of the technology company’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. CAP Partners LLC lifted its holdings in shares of Trade Desk by 1.4% during the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after purchasing an additional 86 shares during the last quarter. Allworth Financial LP lifted its stake in Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after buying an additional 97 shares in the last quarter. Apella Capital LLC boosted its holdings in shares of Trade Desk by 1.9% in the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after buying an additional 100 shares during the period. Avior Wealth Management LLC boosted its holdings 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 buying an additional 100 shares during the period. Finally, HM Payson & Co. increased its position in shares of Trade Desk by 1.0% in the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock worth $1,083,000 after acquiring an additional 102 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTD has been the subject of a number of recent analyst reports. Macquarie raised their price objective on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday. KeyCorp raised their target price on Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Royal Bank of Canada upped their price target on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Citigroup lifted their target price on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Needham & Company LLC upped their target price on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.66.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $129.70 on Friday. The stock’s 50-day moving average is $117.38 and its 200-day moving average is $103.75. The company has a market cap of $64.02 billion, a P/E ratio of 212.62, a P/E/G ratio of 5.77 and a beta of 1.47. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $132.65.

Insider Activity at Trade Desk

In related news, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the sale, the chief financial officer now owns 693,953 shares in the company, valued at approximately $80,102,994.79. This trade represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the sale, the chief executive officer now directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. This trade represents a 42.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,412,367 shares of company stock worth $155,067,356 in the last 90 days. 9.72% of the stock is owned by company insiders.

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.