Empirical Asset Management LLC Makes New Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Empirical Asset Management LLC purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,855 shares of the technology company's stock, valued at approximately $3,274,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CAP Partners LLC grew its stake in shares of Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company's stock valued at $702,000 after buying an additional 86 shares during the period. RMR Wealth Builders grew its stake in Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company's stock valued at $1,247,000 after acquiring an additional 89 shares during the period. Allworth Financial LP increased its holdings in shares of 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 acquiring an additional 97 shares in the last quarter. Parisi Gray Wealth Management lifted its holdings in shares of Trade Desk by 2.2% in the 4th quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company's stock worth $533,000 after purchasing an additional 99 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in Trade Desk by 37.7% in the 3rd 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 period. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Up 3.0 %

Shares of TTD stock traded up $3.58 on Friday, reaching $124.42. The company's stock had a trading volume of 3,092,172 shares, compared to its average volume of 3,015,415. The company has a market capitalization of $61.41 billion, a P/E ratio of 203.97, a PEG ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a 12-month low of $63.63 and a 12-month high of $141.53. The stock's 50 day simple moving average is $126.30 and its 200-day simple moving average is $112.70.

Analyst Upgrades and Downgrades

TTD has been the topic of several research reports. Wedbush upped their price objective on shares of Trade Desk from $135.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. Scotiabank assumed coverage on shares of Trade Desk in a research report on Thursday, December 5th. They issued a "sector perform" rating and a $133.00 price target on the stock. DA Davidson boosted their price objective on Trade Desk from $108.00 to $134.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Benchmark reissued a "sell" rating and issued a $57.00 price objective on shares of Trade Desk in a research note on Friday, November 8th. Finally, Stifel Nicolaus lifted their target price on Trade Desk from $111.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.55.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, the director now owns 28,636 shares of the company's stock, valued at $3,375,898.04. This represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jay R. Grant sold 18,524 shares of the firm's stock in a transaction 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 sale, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,086 shares of company stock worth $4,654,466 in the last ninety days. 9.72% of the stock is currently owned by insiders.

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.