Evergreen Wealth Management LLC Acquires New Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Evergreen Wealth Management LLC purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,677 shares of the technology company's stock, valued at approximately $842,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Baillie Gifford & Co. raised its stake in Trade Desk by 4.7% during the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock worth $4,245,218,000 after purchasing an additional 1,720,650 shares during the period. 1832 Asset Management L.P. raised its stake in Trade Desk by 10.5% during the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company's stock worth $278,623,000 after purchasing an additional 270,800 shares during the period. Jericho Capital Asset Management L.P. raised its stake in Trade Desk by 4.3% during the first quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company's stock worth $211,500,000 after purchasing an additional 100,000 shares during the period. Marshall Wace LLP raised its stake in Trade Desk by 100.2% during the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company's stock worth $170,275,000 after purchasing an additional 872,555 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Trade Desk by 12.3% during the second quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company's stock valued at $159,151,000 after acquiring an additional 177,832 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $3,375,898.04. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 80,649 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the completion of the sale, the chief executive officer now directly owns 7,330 shares of the company's stock, valued at $846,615. This trade represents a 91.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,548,289 shares of company stock worth $169,165,185. Corporate insiders own 9.72% of the company's stock.

Trade Desk Stock Performance

NASDAQ TTD traded down $7.73 during trading hours on Friday, reaching $118.15. The company's stock had a trading volume of 5,125,070 shares, compared to its average volume of 3,831,881. The stock has a market cap of $58.08 billion, a PE ratio of 193.69, a PEG ratio of 6.07 and a beta of 1.47. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $132.65. The company's 50-day moving average is $115.25 and its two-hundred day moving average is $102.49.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of Trade Desk from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Needham & Company LLC lifted their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Evercore ISI upgraded shares of Trade Desk to a "strong-buy" rating in a research report on Tuesday, August 6th. Cantor Fitzgerald restated a "neutral" rating and issued a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. Finally, Stifel Nicolaus lifted their price objective 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. Two analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.65.

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.