TCW Group Inc. Decreases Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

TCW Group Inc. decreased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,307,803 shares of the technology company's stock after selling 80,541 shares during the period. Trade Desk comprises approximately 1.3% of TCW Group Inc.'s holdings, making the stock its 19th largest position. TCW Group Inc. owned about 0.26% of Trade Desk worth $143,401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its position in Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock worth $4,245,218,000 after acquiring an additional 1,720,650 shares in the last quarter. Jennison Associates LLC raised its position in Trade Desk by 11.0% during the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock valued at $2,228,172,000 after purchasing an additional 2,013,047 shares in the last quarter. Edgewood Management LLC increased its position in Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company's stock valued at $1,089,280,000 after purchasing an additional 5,675,571 shares during the period. 1832 Asset Management L.P. lifted its holdings in Trade Desk by 10.5% during the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company's stock worth $278,623,000 after buying an additional 270,800 shares during the period. Finally, FMR LLC boosted its position in Trade Desk by 1.3% during the third quarter. FMR LLC now owns 2,616,203 shares of the technology company's stock valued at $286,867,000 after purchasing an additional 32,999 shares in the last quarter. Institutional investors own 67.77% of the company's stock.

Trade Desk Stock Up 1.1 %

TTD traded up $1.44 during midday trading on Wednesday, hitting $134.10. The company had a trading volume of 2,742,509 shares, compared to its average volume of 3,840,274. The company has a market capitalization of $66.19 billion, a price-to-earnings ratio of 219.85, a PEG ratio of 6.30 and a beta of 1.43. The stock's 50 day moving average price is $123.25 and its 200 day moving average price is $107.47. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $141.53.

Insiders Place Their Bets

In other news, insider Jay R. Grant sold 20,579 shares of the business's stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $108.65, for a total value of $2,235,908.35. Following the completion of the sale, the insider now owns 178,853 shares of the company's stock, valued at approximately $19,432,378.45. The trade was a 10.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gokul Rajaram sold 1,355 shares of the firm's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the completion of the sale, the director now directly owns 29,991 shares in the company, valued at $3,269,019. The trade was a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock worth $125,534,054 over the last quarter. 9.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on TTD. StockNews.com lowered shares of Trade Desk from a "buy" rating to a "hold" rating in a research report on Saturday, November 30th. Evercore ISI boosted their price objective on Trade Desk from $110.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Wedbush increased their price objective on Trade Desk from $115.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. KeyCorp boosted their price target on shares of Trade Desk from $115.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Finally, Oppenheimer lifted their target price on Trade Desk from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $124.94.

Trade Desk 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.