KBC Group NV Has $12.40 Million Position in The Trade Desk, Inc. (NASDAQ:TTD)

KBC Group NV lifted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 22.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,097 shares of the technology company's stock after acquiring an additional 20,576 shares during the period. KBC Group NV's holdings in Trade Desk were worth $12,401,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in Trade Desk by 2.7% in the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company's stock valued at $410,000 after buying an additional 97 shares during the period. Apella Capital LLC raised its holdings in Trade Desk by 1.9% during the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company's stock worth $547,000 after purchasing an additional 100 shares in the last quarter. HM Payson & Co. lifted its position in Trade Desk by 1.0% in the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company's stock valued at $1,083,000 after purchasing an additional 102 shares during the period. Wealth Alliance boosted its holdings in Trade Desk by 0.6% in the 2nd quarter. Wealth Alliance now owns 18,535 shares of the technology company's stock valued at $1,810,000 after purchasing an additional 106 shares in the last quarter. Finally, Parisi Gray Wealth Management increased its position in Trade Desk by 2.6% during the 3rd quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company's stock worth $486,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 67.77% of the company's stock.

Insider Activity

In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the sale, the director now owns 29,991 shares in the company, valued at approximately $3,269,019. This represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now directly owns 664,261 shares of the company's stock, valued at $68,897,150.92. This represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,548,289 shares of company stock worth $169,165,185. Corporate insiders own 9.72% of the company's stock.

Trade Desk Stock Down 6.1 %

Shares of TTD stock traded down $7.73 during mid-day trading on Friday, reaching $118.15. The stock had a trading volume of 5,125,070 shares, compared to its average volume of 3,898,860. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65. The firm has a market cap of $58.08 billion, a PE ratio of 193.69, a P/E/G ratio of 5.35 and a beta of 1.47. The firm's 50 day simple moving average is $115.25 and its 200 day simple moving average is $102.63.

Analyst Ratings Changes

Several analysts have recently commented on TTD shares. Oppenheimer increased their price target on shares of Trade Desk from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. StockNews.com upgraded Trade Desk from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Piper Sandler reissued an "overweight" rating and issued a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Evercore ISI raised shares of Trade Desk to a "strong-buy" rating in a research note on Tuesday, August 6th. Finally, New Street Research downgraded shares of Trade Desk from a "neutral" rating to a "sell" rating and set a $86.00 price objective on the stock. in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $122.65.

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.