The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. decreased its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,832 shares of the technology company's stock after selling 4,949 shares during the period. Financial Counselors Inc.'s holdings in Trade Desk were worth $6,561,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CAP Partners LLC boosted its position in shares of Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company's stock worth $702,000 after buying an additional 86 shares in the last quarter. Allworth Financial LP raised its position in Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company's stock worth $410,000 after acquiring an additional 97 shares during the last quarter. Apella Capital LLC lifted its holdings in shares of Trade Desk by 1.9% in the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company's stock valued at $547,000 after purchasing an additional 100 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. Finally, HM Payson & Co. increased its stake in shares of Trade Desk by 1.0% during the 3rd quarter. HM Payson & Co. now owns 9,875 shares of the technology company's stock worth $1,083,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Stock Up 0.3 %

Shares of Trade Desk stock traded up $0.40 on Friday, hitting $128.55. 1,938,486 shares of the company's stock traded hands, compared to its average volume of 3,840,530. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $132.65. The stock has a market cap of $63.45 billion, a P/E ratio of 210.08, a PEG ratio of 5.81 and a beta of 1.47. The firm's 50-day moving average is $119.08 and its 200 day moving average is $104.88.

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 on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the transaction, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 20,579 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the sale, the insider now owns 178,853 shares of the company's stock, valued at approximately $19,432,378.45. The trade was a 10.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock worth $125,534,054 in the last ninety days. 9.72% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on TTD. DA Davidson increased their target price on Trade Desk from $108.00 to $134.00 and gave the company a "buy" rating in a report on Monday, November 11th. UBS Group increased their price objective on Trade Desk from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Royal Bank of Canada boosted their target price on shares of Trade Desk from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. Citigroup raised their price target on shares of Trade Desk from $115.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Finally, Evercore ISI boosted their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, Trade Desk currently has an average rating of "Moderate Buy" and an average target price of $124.66.

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.