Quantinno Capital Management LP Acquires 5,364 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Quantinno Capital Management LP grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 9.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,428 shares of the technology company's stock after acquiring an additional 5,364 shares during the quarter. Quantinno Capital Management LP's holdings in Trade Desk were worth $6,955,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Venture Visionary Partners LLC increased its holdings in shares of Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company's stock worth $1,898,000 after acquiring an additional 4,296 shares in the last quarter. Ithaka Group LLC increased its holdings in shares of Trade Desk by 4.5% in the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company's stock worth $12,378,000 after acquiring an additional 4,836 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Trade Desk by 2,461.2% in the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company's stock worth $8,066,000 after acquiring an additional 70,687 shares in the last quarter. Swiss National Bank increased its holdings in shares of Trade Desk by 0.3% in the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company's stock worth $144,892,000 after acquiring an additional 4,500 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Trade Desk by 3.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company's stock worth $231,294,000 after buying an additional 68,206 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Price Performance

TTD traded up $2.75 during trading on Friday, hitting $139.11. The stock had a trading volume of 3,233,628 shares, compared to its average volume of 4,661,907. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $141.53. The company has a 50 day moving average price of $122.27 and a 200-day moving average price of $106.75. The firm has a market cap of $68.66 billion, a price-to-earnings ratio of 228.05, a P/E/G ratio of 6.32 and a beta of 1.43.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the sale, the chief executive officer now directly owns 565,180 shares of the company's stock, valued at $61,423,762.40. The trade was a 26.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Company insiders own 9.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TTD. KeyCorp increased their price objective on Trade Desk from $115.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Bank of America began coverage on Trade Desk in a report on Wednesday, September 4th. They set a "buy" rating and a $135.00 price objective for the company. Susquehanna reiterated a "positive" rating and set a $150.00 price objective on shares of Trade Desk in a report on Thursday, November 21st. New Street Research upgraded Trade Desk from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $85.00 to $115.00 in a report on Monday, November 25th. Finally, Benchmark reiterated a "sell" rating and set a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have given a buy rating to the company's stock. According to data from MarketBeat.com, Trade Desk has an average rating of "Moderate Buy" and a consensus target price 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.