Assenagon Asset Management S.A. Increases Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Assenagon Asset Management S.A. boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 276.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,237 shares of the technology company's stock after buying an additional 51,603 shares during the period. Assenagon Asset Management S.A.'s holdings in Trade Desk were worth $8,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Edgewood Management LLC increased its holdings 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 worth $1,089,280,000 after acquiring an additional 5,675,571 shares during the period. Jennison Associates LLC increased its holdings in shares of Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock worth $2,228,172,000 after purchasing an additional 2,013,047 shares during the period. Baillie Gifford & Co. increased its holdings in shares of 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 purchasing an additional 1,720,650 shares during the period. International Assets Investment Management LLC raised its position in shares of Trade Desk by 10,856.6% in the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company's stock worth $172,460,000 after buying an additional 1,558,465 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Trade Desk by 100.2% during the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company's stock valued at $170,275,000 after buying an additional 872,555 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the company's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on TTD shares. KeyCorp raised their price target on Trade Desk from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, January 10th. Citigroup raised their target price on shares of Trade Desk from $115.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. UBS Group lifted their target price on shares of Trade Desk from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Wolfe Research increased their price target on shares of Trade Desk from $140.00 to $155.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, DA Davidson lifted their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the stock a "buy" rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, Trade Desk currently has an average rating of "Moderate Buy" and an average price target of $132.55.

Trade Desk Trading Up 3.0 %

Shares of TTD stock traded up $3.58 during mid-day trading on Monday, reaching $124.42. The stock had a trading volume of 3,092,172 shares, compared to its average volume of 2,789,060. The firm has a market capitalization of $61.41 billion, a PE ratio of 203.97, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45. The stock's 50-day moving average price is $126.30 and its two-hundred day moving average price is $112.89. The Trade Desk, Inc. has a 52-week low of $63.63 and a 52-week high of $141.53.

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.