Venture Visionary Partners LLC Has $1.90 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Venture Visionary Partners LLC grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 33.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,308 shares of the technology company's stock after acquiring an additional 4,296 shares during the period. Venture Visionary Partners LLC's holdings in Trade Desk were worth $1,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American International Group Inc. raised its stake in shares of Trade Desk by 1.1% during the fourth quarter. American International Group Inc. now owns 38,469 shares of the technology company's stock valued at $2,768,000 after purchasing an additional 409 shares during the period. Fisher Asset Management LLC purchased a new stake in Trade Desk during the 4th quarter worth $306,000. RFG Advisory LLC lifted its holdings in Trade Desk by 4.3% in the 1st quarter. RFG Advisory LLC now owns 8,597 shares of the technology company's stock worth $752,000 after buying an additional 351 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Trade Desk during the first quarter valued at about $2,626,000. Finally, Riverview Trust Co purchased a new stake in shares of Trade Desk during the first quarter worth about $27,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of Trade Desk from $115.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Cantor Fitzgerald restated a "neutral" rating and issued a $110.00 target price on shares of Trade Desk in a research note on Monday, October 7th. Benchmark increased their price target on shares of Trade Desk from $49.00 to $57.00 and gave the stock a "sell" rating in a research report on Friday, August 9th. Macquarie boosted their price objective on Trade Desk from $115.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, October 11th. Finally, Bank of America initiated coverage on Trade Desk in a report on Wednesday, September 4th. They set a "buy" rating and a $135.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $112.97.

Insider Activity at Trade Desk

In other news, CEO Jeffrey Terry Green sold 80,649 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total value of $9,314,959.50. Following the completion of the sale, the chief executive officer now directly owns 7,330 shares of the company's stock, valued at $846,615. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Trade Desk news, CFO Laura Schenkein sold 3,130 shares of the company's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.33, for a total value of $310,902.90. Following the transaction, the chief financial officer now directly owns 693,953 shares of the company's stock, valued at $68,930,351.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 80,649 shares of Trade Desk stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total value of $9,314,959.50. Following the sale, the chief executive officer now owns 7,330 shares of the company's stock, valued at approximately $846,615. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,556,542 shares of company stock valued at $169,961,824. Company insiders own 9.72% of the company's stock.

Trade Desk Price Performance

Shares of NASDAQ:TTD traded up $0.73 on Tuesday, reaching $118.94. 2,857,899 shares of the company traded hands, compared to its average volume of 3,798,950. The stock has a market capitalization of $58.47 billion, a PE ratio of 236.78, a P/E/G ratio of 5.72 and a beta of 1.48. The company's 50 day moving average is $107.58 and its 200-day moving average is $97.52. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $120.78.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The firm had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. During the same quarter in the previous year, the company earned $0.07 EPS. The business's revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, analysts expect that The Trade Desk, Inc. will post 0.86 EPS for the current year.

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.