Janus Henderson Group PLC Has $29.01 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Janus Henderson Group PLC grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 264,567 shares of the technology company's stock after buying an additional 7,085 shares during the period. Janus Henderson Group PLC owned 0.05% of Trade Desk worth $29,009,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Venture Visionary Partners LLC boosted its position in Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company's stock worth $1,898,000 after purchasing an additional 4,296 shares during the period. Ithaka Group LLC lifted its stake in shares of Trade Desk by 4.5% during the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company's stock worth $12,378,000 after buying an additional 4,836 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Trade Desk by 2,461.2% during the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company's stock worth $8,066,000 after buying an additional 70,687 shares during the period. Swiss National Bank grew its stake in Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company's stock valued at $144,892,000 after buying an additional 4,500 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Trade Desk by 3.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company's stock valued at $231,294,000 after acquiring an additional 68,206 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Performance

Shares of TTD traded up $2.75 during trading hours on Friday, reaching $139.11. The stock had a trading volume of 3,233,628 shares, compared to its average volume of 4,661,907. 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 capitalization of $68.66 billion, a PE ratio of 228.05, a PEG ratio of 6.32 and a beta of 1.43. The company's 50-day moving average is $122.27 and its two-hundred day moving average is $106.83.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Needham & Company LLC upped their target price on Trade Desk from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Wedbush upped their price objective on Trade Desk from $115.00 to $135.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Oppenheimer lifted their target price on Trade Desk from $120.00 to $135.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Royal Bank of Canada upped their price target 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. Finally, Moffett Nathanson assumed coverage on shares of Trade Desk in a research note on Monday, September 23rd. They issued a "neutral" rating and a $100.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have issued a buy rating to the company's stock. According to MarketBeat, Trade Desk has a consensus rating of "Moderate Buy" and a consensus price target of $124.94.

Insider Buying and Selling at Trade Desk

In other 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 transaction, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay R. Grant sold 20,579 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the completion of the sale, the insider now owns 178,853 shares of the company's stock, valued at $19,432,378.45. The trade was a 10.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,128,938 shares of company stock worth $125,534,054. 9.72% of the stock is currently owned by insiders.

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.