Trade Desk (NASDAQ:TTD) Given New $142.00 Price Target at Wells Fargo & Company

Trade Desk (NASDAQ:TTD) had its price objective boosted by equities researchers at Wells Fargo & Company from $141.00 to $142.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 19.71% from the stock’s current price.

TTD has been the topic of a number of other research reports. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and upped their target price for the stock from $85.00 to $115.00 in a report on Monday, November 25th. Susquehanna restated a “positive” rating and issued a $150.00 price target on shares of Trade Desk in a research note on Thursday, November 21st. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a research note on Monday, October 7th. Citigroup upped their price target on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, UBS Group upped their price target on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.55.

Trade Desk Price Performance

TTD traded down $0.18 during midday trading on Monday, reaching $118.62. 365,595 shares of the company’s stock traded hands, compared to its average volume of 2,682,239. The firm has a fifty day moving average of $126.72 and a two-hundred day moving average of $112.13. The stock has a market capitalization of $58.55 billion, a price-to-earnings ratio of 194.46, a P/E/G ratio of 6.00 and a beta of 1.45. Trade Desk has a 52 week low of $61.47 and a 52 week high of $141.53.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders have sold 38,086 shares of company stock valued at $4,654,466. 9.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trade Desk

Several hedge funds have recently modified their holdings of TTD. Winthrop Advisory Group LLC acquired a new position in Trade Desk in the 4th quarter worth approximately $200,000. West Oak Capital LLC lifted its position in shares of Trade Desk by 45,996.0% during the 4th quarter. West Oak Capital LLC now owns 34,572 shares of the technology company’s stock valued at $4,063,000 after buying an additional 34,497 shares in the last quarter. RMR Wealth Builders lifted its position in shares of Trade Desk by 0.8% during the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock valued at $1,247,000 after buying an additional 89 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Trade Desk by 2.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,794 shares of the technology company’s stock valued at $563,000 after buying an additional 120 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC lifted its position in shares of Trade Desk by 3.3% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 31,259 shares of the technology company’s stock valued at $3,795,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

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.