B. Riley Wealth Advisors Inc. Reduces Stake in The Trade Desk, Inc. (NASDAQ:TTD)

B. Riley Wealth Advisors Inc. trimmed its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 57.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,836 shares of the technology company's stock after selling 38,315 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Trade Desk were worth $3,061,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Transcendent Capital Group LLC purchased a new stake in shares of Trade Desk in the second quarter worth about $30,000. Avior Wealth Management LLC raised its holdings in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock worth $40,000 after acquiring an additional 100 shares in the last quarter. 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. Brown Lisle Cummings Inc. grew its holdings in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 150 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new stake in Trade Desk in the second quarter worth $37,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TTD shares. Loop Capital boosted their target price on shares of Trade Desk from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Stifel Nicolaus boosted their price objective on Trade Desk from $111.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Evercore ISI upped their price objective on Trade Desk from $110.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. New Street Research upgraded Trade Desk from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $85.00 to $115.00 in a report on Monday, November 25th. Finally, Needham & Company LLC increased their price target on Trade Desk from $115.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $124.94.

Trade Desk Trading Up 0.2 %

Shares of NASDAQ:TTD traded up $0.23 during trading on Monday, reaching $132.65. The stock had a trading volume of 3,718,316 shares, compared to its average volume of 3,832,181. The firm's 50-day simple moving average is $125.01 and its 200 day simple moving average is $108.55. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $141.53. The company has a market capitalization of $65.47 billion, a P/E ratio of 217.46, a PEG ratio of 6.00 and a beta of 1.43.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 80,649 shares of the company's stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the transaction, the chief executive officer now owns 7,330 shares in the company, valued at approximately $846,615. This represents a 91.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now owns 28,636 shares of the company's stock, valued at $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock valued at $125,534,054 over the last 90 days. Insiders own 9.72% of the company's stock.

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.