Benjamin Edwards Inc. Grows Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Benjamin Edwards Inc. grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 2,471.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,957 shares of the technology company's stock after buying an additional 27,831 shares during the quarter. Benjamin Edwards Inc.'s holdings in Trade Desk were worth $3,175,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Transcendent Capital Group LLC bought a new position in Trade Desk in the second quarter worth approximately $30,000. EdgeRock Capital LLC purchased a new stake in Trade Desk during the second quarter worth $37,000. Avior Wealth Management LLC lifted its holdings 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 buying an additional 100 shares during the period. Quarry LP purchased a new stake in Trade Desk during the second quarter worth $41,000. Finally, Brown Lisle Cummings Inc. lifted its holdings in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 150 shares during the period. Institutional investors own 67.77% of the company's stock.

Trade Desk Stock Down 2.3 %

Shares of NASDAQ:TTD traded down $3.15 during trading on Thursday, reaching $136.36. 3,638,131 shares of the company's stock traded hands, compared to its average volume of 3,844,459. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $141.53. The firm has a market cap of $67.30 billion, a PE ratio of 228.70, a P/E/G ratio of 6.31 and a beta of 1.43. The company has a 50-day simple moving average of $121.14 and a 200-day simple moving average of $106.25.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the sale, the chief executive officer now directly owns 565,180 shares in the company, valued at approximately $61,423,762.40. The trade was a 26.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the transaction, the director now directly owns 29,991 shares in the company, valued at $3,269,019. This trade represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Insiders own 9.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Susquehanna restated a "positive" rating and set a $150.00 target price on shares of Trade Desk in a report on Thursday, November 21st. UBS Group upped their target price on Trade Desk from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Royal Bank of Canada increased their price objective on Trade Desk from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, August 9th. Citigroup increased their price objective on Trade Desk from $115.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, Scotiabank started coverage on Trade Desk in a report on Thursday. They set a "sector perform" rating and a $133.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $124.94.

Trade Desk Company 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.