Northwest & Ethical Investments L.P. Lowers Position in The Trade Desk, Inc. (NASDAQ:TTD)

Northwest & Ethical Investments L.P. lowered its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 8.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,665 shares of the technology company's stock after selling 4,642 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Trade Desk were worth $5,227,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Edgewood Management LLC lifted its holdings in shares of Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company's stock worth $1,089,280,000 after purchasing an additional 5,675,571 shares during the period. Jennison Associates LLC lifted its holdings in shares of Trade Desk by 11.0% during 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. lifted its holdings in shares of Trade Desk by 4.7% during 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 lifted its holdings in shares of Trade Desk by 10,856.6% during 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 purchasing an additional 1,558,465 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Trade Desk by 100.2% during the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company's stock worth $170,275,000 after purchasing an additional 872,555 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Insiders Place Their Bets

In related news, Director Gokul Rajaram sold 1,355 shares of the firm's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the transaction, the director now directly owns 28,636 shares of the company's stock, valued at approximately $3,375,898.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of the business's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the completion of the sale, the chief executive officer now owns 765,180 shares of the company's stock, valued at approximately $83,764,254.60. The trade was a 20.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock worth $125,534,054 in the last three months. 9.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TTD shares. Stifel Nicolaus lifted their target price on shares of Trade Desk from $111.00 to $136.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. KeyCorp lifted their target price on shares of Trade Desk from $115.00 to $130.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Evercore ISI lifted their price target on shares of Trade Desk from $110.00 to $135.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Bank of America began coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They issued a "buy" rating and a $135.00 price target for the company. Finally, StockNews.com raised shares of Trade Desk from a "hold" rating to a "buy" rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $124.66.

Trade Desk Trading Up 0.3 %

Shares of TTD stock traded up $0.40 during trading on Friday, reaching $128.55. 1,938,486 shares of the company's stock traded hands, compared to its average volume of 3,840,530. The company has a market capitalization of $63.45 billion, a P/E ratio of 210.08, a PEG ratio of 5.81 and a beta of 1.47. The firm's 50-day moving average is $119.08 and its 200 day moving average is $104.88. 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.