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

Citizens Financial Group Inc. RI purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,344 shares of the technology company’s stock, valued at approximately $257,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in shares of Trade Desk in the 2nd quarter valued at approximately $30,000. EdgeRock Capital LLC bought a new stake in Trade Desk in the second quarter valued at $37,000. Avior Wealth Management LLC raised its stake in Trade Desk by 37.7% during the third 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. Quarry LP bought a new position in shares of Trade Desk during the second quarter valued at $41,000. Finally, Brown Lisle Cummings Inc. boosted its stake 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 valued at $41,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $129.70 on Friday. The company has a 50 day moving average price of $117.38 and a two-hundred day moving average price of $103.75. The company has a market capitalization of $64.02 billion, a PE ratio of 212.62, a PEG 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.

Analyst Ratings Changes

Several equities analysts recently issued reports on TTD shares. Stifel Nicolaus lifted their price target on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a report on Monday, October 14th. Moffett Nathanson assumed coverage on shares of Trade Desk in a research note on Monday, September 23rd. They issued a “neutral” rating and a $100.00 target price for the company. Loop Capital increased their price target on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company started coverage on Trade Desk in a research report on Monday, October 28th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, StockNews.com upgraded Trade Desk from a “hold” rating to a “buy” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and an average target price of $123.66.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 283,429 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the sale, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. This represents a 42.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. 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 quarter. Corporate 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.