Stifel Financial Corp Boosts Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Stifel Financial Corp increased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 346,482 shares of the technology company's stock after purchasing an additional 13,936 shares during the period. Stifel Financial Corp owned approximately 0.07% of Trade Desk worth $37,992,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TTD. Venture Visionary Partners LLC increased its stake in Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company's stock valued at $1,898,000 after purchasing an additional 4,296 shares in the last quarter. Ithaka Group LLC grew its stake in shares of Trade Desk by 4.5% in the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company's stock valued at $12,378,000 after buying an additional 4,836 shares during the period. Assetmark Inc. increased its position in Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company's stock valued at $8,066,000 after buying an additional 70,687 shares in the last quarter. Swiss National Bank raised its stake in Trade Desk by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company's stock worth $144,892,000 after buying an additional 4,500 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Trade Desk by 3.3% during the 3rd 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 during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Wall Street Analyst Weigh In

TTD has been the subject of several recent research reports. Loop Capital boosted their price objective on Trade Desk from $120.00 to $145.00 and gave the company a "buy" rating in a report on Monday, November 11th. Truist Financial lifted their price target on shares of Trade Desk from $120.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Moffett Nathanson assumed coverage on shares of Trade Desk in a report on Monday, September 23rd. They set a "neutral" rating and a $100.00 price objective on the stock. Wells Fargo & Company initiated coverage on shares of Trade Desk in a report on Monday, October 28th. They set an "overweight" rating and a $150.00 price objective for the company. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $110.00 target price on shares of Trade Desk in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have issued a buy rating to the company's stock. According to data from MarketBeat, Trade Desk currently has an average rating of "Moderate Buy" and a consensus price target of $124.94.

Trade Desk Stock Performance

NASDAQ TTD traded up $2.75 on Friday, hitting $139.11. 3,233,628 shares of the stock traded hands, compared to its average volume of 4,423,781. The business's fifty day moving average is $122.27 and its two-hundred day moving average is $106.83. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53. The firm has a market capitalization of $68.66 billion, a price-to-earnings ratio of 228.05, a PEG ratio of 6.30 and a beta of 1.43.

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the business's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the sale, the chief executive officer now owns 765,180 shares of the company's stock, valued at $83,764,254.60. The trade was a 20.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction 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 sale, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock valued at $125,534,054 in the last 90 days. 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.