Independent Solutions Wealth Management LLC increased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 21.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 64,358 shares of the technology company's stock after purchasing an additional 11,181 shares during the period. Trade Desk makes up approximately 1.6% of Independent Solutions Wealth Management LLC's holdings, making the stock its 17th largest position. Independent Solutions Wealth Management LLC's holdings in Trade Desk were worth $7,057,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Edgewood Management LLC increased its holdings in shares of Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company's stock worth $1,089,280,000 after purchasing an additional 5,675,571 shares during the period. Jennison Associates LLC grew its position in Trade Desk by 11.0% during the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock worth $2,228,172,000 after buying an additional 2,013,047 shares in the last quarter. Baillie Gifford & Co. increased 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 valued at $4,245,218,000 after acquiring an additional 1,720,650 shares during the period. International Assets Investment Management LLC raised its holdings in Trade Desk by 10,856.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company's stock valued at $172,460,000 after acquiring an additional 1,558,465 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Trade Desk by 100.2% in the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company's stock valued at $170,275,000 after acquiring an additional 872,555 shares in the last quarter. Institutional investors own 67.77% of the company's stock.
Trade Desk Stock Down 1.3 %
TTD stock traded down $1.70 during trading on Thursday, hitting $126.23. The company had a trading volume of 4,167,342 shares, compared to its average volume of 3,843,728. The firm has a 50-day moving average price of $125.66 and a 200-day moving average price of $108.98. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53. The stock has a market cap of $62.30 billion, a price-to-earnings ratio of 206.93, a PEG ratio of 6.00 and a beta of 1.43.
Insider Activity
In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction 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 completion of the sale, the director now 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 200,000 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the sale, the chief executive officer now owns 765,180 shares of the company's stock, valued at $83,764,254.60. The trade was a 20.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,128,938 shares of company stock valued at $125,534,054. Company insiders own 9.72% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently issued reports on TTD. Macquarie boosted their price objective on Trade Desk from $133.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. StockNews.com downgraded shares of Trade Desk from a "buy" rating to a "hold" rating in a research note on Saturday, November 30th. BTIG Research increased their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. KeyCorp lifted their target price on shares of Trade Desk from $115.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. Finally, Oppenheimer upped their target price on shares of Trade Desk from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $127.07.
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Trade Desk Company Profile
(
Free Report)
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.
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