Public Employees Retirement System of Ohio Sells 9,770 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Public Employees Retirement System of Ohio decreased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 184,711 shares of the technology company's stock after selling 9,770 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Trade Desk were worth $20,254,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Kensington Investment Counsel LLC grew its stake in shares of Trade Desk by 2.1% during the third quarter. Kensington Investment Counsel LLC now owns 37,225 shares of the technology company's stock worth $4,082,000 after purchasing an additional 779 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in Trade Desk by 4.1% during the third quarter. Orion Portfolio Solutions LLC now owns 41,463 shares of the technology company's stock worth $4,546,000 after buying an additional 1,647 shares during the last quarter. National Bank of Canada FI grew its position in shares of Trade Desk by 107.9% during the 3rd quarter. National Bank of Canada FI now owns 93,699 shares of the technology company's stock worth $10,274,000 after buying an additional 48,630 shares during the period. Glen Eagle Advisors LLC increased its stake in shares of Trade Desk by 65.6% in the 3rd quarter. Glen Eagle Advisors LLC now owns 631 shares of the technology company's stock valued at $69,000 after acquiring an additional 250 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its position in shares of Trade Desk by 4.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 45,633 shares of the technology company's stock valued at $5,004,000 after acquiring an additional 1,898 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,355 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the transaction, the director now owns 29,991 shares in the company, valued at approximately $3,269,019. The trade was a 4.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 20,579 shares of Trade Desk stock in a transaction on Monday, September 30th. The stock was sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the transaction, the insider now directly owns 178,853 shares of the company's stock, valued at $19,432,378.45. This represents a 10.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,938 shares of company stock valued at $125,534,054 over the last 90 days. 9.72% of the stock is owned by insiders.

Trade Desk Stock Up 1.1 %

Shares of TTD stock traded up $1.44 during mid-day trading on Wednesday, reaching $134.10. 2,742,509 shares of the stock traded hands, compared to its average volume of 3,840,274. The company has a market cap of $66.19 billion, a price-to-earnings ratio of 219.84, a price-to-earnings-growth ratio of 6.30 and a beta of 1.43. The stock's fifty day simple moving average is $123.76 and its two-hundred day simple moving average is $107.66. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $141.53.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TTD shares. Wells Fargo & Company assumed coverage on Trade Desk in a report on Monday, October 28th. They set an "overweight" rating and a $150.00 price objective on the stock. Robert W. Baird upped their price target on shares of Trade Desk from $130.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Wedbush increased their price objective on shares of Trade Desk from $115.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Loop Capital boosted their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, DA Davidson increased their target price on Trade Desk from $108.00 to $134.00 and gave the stock a "buy" rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $124.94.

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.