The Trade Desk, Inc. (NASDAQ:TTD) Stake Boosted by Swiss National Bank

Swiss National Bank raised its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,321,400 shares of the technology company's stock after buying an additional 4,500 shares during the quarter. Swiss National Bank owned about 0.27% of Trade Desk worth $144,892,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TTD. Transcendent Capital Group LLC bought a new stake in Trade Desk in the second quarter worth $30,000. JFS Wealth Advisors LLC lifted its holdings in Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock valued at $41,000 after purchasing an additional 247 shares in the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock worth $41,000 after acquiring an additional 150 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in shares of Trade Desk during the 2nd quarter worth about $37,000. Finally, Quarry LP acquired a new position in Trade Desk in the 2nd quarter valued at about $41,000. 67.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on Trade Desk from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. Oppenheimer upped their price target on Trade Desk from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Morgan Stanley raised their price objective on Trade Desk from $100.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, July 23rd. Bank of America assumed coverage on Trade Desk in a report on Wednesday, September 4th. They issued a "buy" rating and a $135.00 price target on the stock. Finally, BTIG Research raised their target price on Trade Desk from $114.00 to $142.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Two investment 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.65.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,355 shares of the firm'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 of the company's stock, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 135,922 shares of the business's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now directly owns 664,261 shares of the company's stock, valued at approximately $68,897,150.92. This trade represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,548,289 shares of company stock worth $169,165,185. 9.72% of the stock is owned by corporate insiders.

Trade Desk Trading Down 0.8 %

Shares of TTD stock traded down $0.89 during mid-day trading on Monday, reaching $117.26. The stock had a trading volume of 4,681,237 shares, compared to its average volume of 3,835,721. The business's fifty day moving average is $115.61 and its 200-day moving average is $102.96. The firm has a market cap of $57.64 billion, a price-to-earnings ratio of 192.23, a PEG ratio of 5.35 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.

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.