International Assets Investment Management LLC Sells 1,558,769 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

International Assets Investment Management LLC cut its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 99.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,051 shares of the technology company's stock after selling 1,558,769 shares during the quarter. International Assets Investment Management LLC's holdings in Trade Desk were worth $1,654,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Edgewood Management LLC grew its position in 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 shares of Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock valued at $2,228,172,000 after purchasing an additional 2,013,047 shares during the period. Baillie Gifford & Co. lifted its stake in Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock valued at $4,245,218,000 after buying an additional 1,720,650 shares in the last quarter. Marshall Wace LLP boosted 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 worth $170,275,000 after buying an additional 872,555 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Trade Desk by 55.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,549,399 shares of the technology company's stock worth $169,892,000 after buying an additional 551,925 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,355 shares of the business's stock in a transaction dated Monday, October 21st. The shares were 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. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jay R. Grant sold 18,524 shares of the company's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.72% of the company's stock.

Trade Desk Trading Up 0.1 %

TTD stock traded up $0.11 during trading on Thursday, hitting $121.52. The company had a trading volume of 2,833,387 shares, compared to its average volume of 3,128,632. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $141.53. The company has a fifty day moving average price of $126.70 and a two-hundred day moving average price of $111.70. The company has a market cap of $59.98 billion, a P/E ratio of 199.21, a P/E/G ratio of 6.00 and a beta of 1.45.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TTD. Royal Bank of Canada lifted their price objective on shares of Trade Desk from $136.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Macquarie boosted their price target on shares of Trade Desk from $133.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Citigroup raised their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. New Street Research upgraded shares of Trade Desk from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $85.00 to $115.00 in a research note on Monday, November 25th. Finally, Benchmark restated a "sell" rating and issued a $57.00 price target on shares of Trade Desk in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $129.48.

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.