Moody National Bank Trust Division Takes $985,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Moody National Bank Trust Division purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,382 shares of the technology company's stock, valued at approximately $985,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Avior Wealth Management LLC raised its stake 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 purchasing an additional 100 shares in the last quarter. Quarry LP bought a new stake in Trade Desk in the second quarter worth $41,000. Brown Lisle Cummings Inc. lifted its holdings in 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 last quarter. JFS Wealth Advisors LLC grew its holdings in Trade Desk by 194.5% during the third 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. Finally, Brown Brothers Harriman & Co. bought a new position in Trade Desk in the 3rd quarter worth $51,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. New Street Research raised Trade Desk from a "sell" rating to a "neutral" rating and increased their price objective for the company from $85.00 to $115.00 in a research report on Monday, November 25th. Citigroup raised their price target on shares of Trade Desk from $115.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Royal Bank of Canada raised their target price on shares of Trade Desk from $136.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Benchmark reaffirmed a "sell" rating and set a $57.00 target price on shares of Trade Desk in a report on Friday, November 8th. Finally, Moffett Nathanson began coverage on shares of Trade Desk in a report on Monday, September 23rd. They issued a "neutral" rating and a $100.00 target price on the stock. One equities research 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 stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of "Moderate Buy" and an average price target of $130.76.

Trade Desk Stock Performance

Shares of Trade Desk stock traded down $1.13 during midday trading on Tuesday, hitting $116.76. 2,557,027 shares of the company traded hands, compared to its average volume of 2,979,373. The stock has a market cap of $57.63 billion, a price-to-earnings ratio of 191.41, a PEG ratio of 6.00 and a beta of 1.45. The firm's fifty day moving average price is $126.71 and its 200-day moving average price is $112.27. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, 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. Over the last quarter, insiders have sold 38,086 shares of company stock valued at $4,654,466. 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.