The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 2.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 169,544 shares of the technology company's stock after buying an additional 3,846 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Trade Desk were worth $18,590,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1832 Asset Management L.P. purchased a new position in Trade Desk during the 1st quarter worth approximately $225,710,000. Baillie Gifford & Co. increased its holdings in shares of Trade Desk by 4.7% during 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 purchasing an additional 1,720,650 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Trade Desk by 10,856.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company's stock valued at $172,460,000 after purchasing an additional 1,558,465 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Trade Desk by 100.2% during the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company's stock valued at $170,275,000 after purchasing an additional 872,555 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Trade Desk by 3,973.6% during the 2nd quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company's stock valued at $43,836,000 after purchasing an additional 437,967 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TTD shares. Loop Capital lifted their target price on shares of Trade Desk from $120.00 to $145.00 and gave the company a "buy" rating in a report on Monday. Benchmark reaffirmed a "sell" rating and set a $57.00 target price on shares of Trade Desk in a report on Friday, November 8th. Oppenheimer lifted their target price on shares of Trade Desk from $120.00 to $135.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Macquarie lifted their target price on shares of Trade Desk from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $110.00 price target on shares of Trade Desk in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $122.65.

Trade Desk Stock Down 3.0 %

Trade Desk stock traded down $3.95 during mid-day trading on Wednesday, hitting $127.25. The company had a trading volume of 4,261,944 shares, compared to its average volume of 3,831,260. The stock has a market cap of $62.55 billion, a price-to-earnings ratio of 208.61, a PEG ratio of 6.25 and a beta of 1.47. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $132.65. The business has a fifty day moving average of $114.45 and a 200 day moving average of $102.09.

Insider Transactions at Trade Desk

In other news, CFO Laura Schenkein sold 3,130 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $68,930,351.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Laura Schenkein sold 3,130 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.33, for a total transaction of $310,902.90. Following the completion of the sale, the chief financial officer now directly owns 693,953 shares of the company's stock, valued at $68,930,351.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Samantha Jacobson sold 4,872 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $9,887,713. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,557,897 shares of company stock worth $170,121,565. Insiders own 9.72% of the company's stock.

Trade Desk Company 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.