Healthcare of Ontario Pension Plan Trust Fund Acquires 287,516 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 689.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 329,235 shares of the technology company's stock after buying an additional 287,516 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.07% of Trade Desk worth $36,101,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of TTD. Townsquare Capital LLC boosted its stake in Trade Desk by 82.9% during the 3rd quarter. Townsquare Capital LLC now owns 7,887 shares of the technology company's stock valued at $865,000 after purchasing an additional 3,574 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Trade Desk during the third quarter valued at approximately $243,000. FMR LLC boosted its position in shares of Trade Desk by 1.3% during the third quarter. FMR LLC now owns 2,616,203 shares of the technology company's stock valued at $286,867,000 after buying an additional 32,999 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Trade Desk by 3.2% during the third quarter. D.A. Davidson & CO. now owns 57,590 shares of the technology company's stock worth $6,315,000 after buying an additional 1,773 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Trade Desk by 32.3% in the 3rd quarter. Bank of Montreal Can now owns 853,128 shares of the technology company's stock valued at $93,375,000 after buying an additional 208,349 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,355 shares of the 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 sale, the director now owns 28,636 shares in the company, valued at $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jay R. Grant sold 20,579 shares of the business's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $108.65, for a total value of $2,235,908.35. Following the completion of the transaction, the insider now owns 178,853 shares of the company's stock, valued at $19,432,378.45. This represents a 10.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,128,938 shares of company stock worth $125,534,054. 9.72% of the stock is owned by corporate insiders.

Trade Desk Trading Down 0.6 %

Trade Desk stock traded down $0.83 during trading hours on Thursday, hitting $128.15. 2,944,743 shares of the stock traded hands, compared to its average volume of 3,847,600. The company has a market cap of $63.25 billion, a PE ratio of 210.08, a PEG ratio of 5.86 and a beta of 1.47. The firm's 50-day moving average price is $118.72 and its two-hundred day moving average price is $104.72. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of research analyst reports. Evercore ISI increased their price target on Trade Desk from $110.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Susquehanna reiterated a "positive" rating and set a $150.00 target price on shares of Trade Desk in a research note on Thursday, November 21st. KeyCorp boosted their price target on shares of Trade Desk from $115.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Moffett Nathanson began coverage on shares of Trade Desk in a report on Monday, September 23rd. They set a "neutral" rating and a $100.00 price objective for the company. Finally, DA Davidson boosted their target price on shares of Trade Desk from $108.00 to $134.00 and gave the company a "buy" rating in a research note on Monday, November 11th. 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.66.

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.