Raymond James & Associates Has $37.61 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Raymond James & Associates reduced its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 18.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,020 shares of the technology company's stock after selling 78,384 shares during the period. Raymond James & Associates owned about 0.07% of Trade Desk worth $37,612,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. 1832 Asset Management L.P. raised its stake in Trade Desk by 10.5% during the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company's stock valued at $278,623,000 after buying an additional 270,800 shares in the last quarter. Jericho Capital Asset Management L.P. grew its stake in Trade Desk by 4.3% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company's stock worth $211,500,000 after buying an additional 100,000 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Trade Desk by 3.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,898,159 shares of the technology company's stock worth $165,937,000 after acquiring an additional 59,161 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Trade Desk by 100.2% during the second 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 period. Finally, Victory Capital Management Inc. increased its holdings in shares of Trade Desk by 12.3% during the second quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company's stock valued at $159,151,000 after purchasing an additional 177,832 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Stock Up 0.6 %

NASDAQ:TTD opened at $118.94 on Wednesday. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $120.78. The company's 50-day moving average price is $108.00 and its two-hundred day moving average price is $97.75. The firm has a market cap of $58.47 billion, a PE ratio of 237.88, a price-to-earnings-growth ratio of 5.72 and a beta of 1.48.

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

Analyst Ratings Changes

TTD has been the subject of several research reports. Morgan Stanley raised their target price on Trade Desk from $100.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, July 23rd. Benchmark boosted their target price on Trade Desk from $49.00 to $57.00 and gave the stock a "sell" rating in a research report on Friday, August 9th. Needham & Company LLC increased their price target on Trade Desk from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Moffett Nathanson assumed coverage on Trade Desk in a report on Monday, September 23rd. They set a "neutral" rating and a $100.00 price objective on the stock. Finally, Susquehanna boosted their price target on shares of Trade Desk from $110.00 to $135.00 and gave the company a "positive" rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $112.97.

Insider Transactions at Trade Desk

In related news, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the sale, the insider now directly owns 99,374 shares of the company's stock, valued at approximately $9,887,713. This represents a 0.00 % decrease in their position. 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 25,000 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the completion of the transaction, the chief financial officer now owns 693,953 shares in the company, valued at approximately $80,102,994.79. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the completion of the sale, the insider now directly owns 99,374 shares in the company, valued at $9,887,713. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,556,542 shares of company stock valued at $169,961,824 over the last 90 days. 9.72% of the stock is owned by company 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.