Empower Advisory Group LLC Buys 5,942 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Empower Advisory Group LLC boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 91.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,454 shares of the technology company's stock after buying an additional 5,942 shares during the quarter. Empower Advisory Group LLC's holdings in Trade Desk were worth $1,366,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aptus Capital Advisors LLC raised its position in shares of Trade Desk by 3.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,116 shares of the technology company's stock worth $451,000 after acquiring an additional 144 shares in the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of Trade Desk by 7.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 10,367 shares of the technology company's stock worth $1,137,000 after acquiring an additional 718 shares in the last quarter. Baillie Gifford & Co. increased its position in Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock valued at $4,245,218,000 after buying an additional 1,720,650 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Trade Desk in the 3rd quarter valued at about $271,000. Finally, Apollon Wealth Management LLC increased its position in Trade Desk by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 28,151 shares of the technology company's stock valued at $3,087,000 after buying an additional 1,503 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTD has been the subject of a number of research analyst reports. Susquehanna boosted their target price on Trade Desk from $135.00 to $150.00 and gave the company a "positive" rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their target price on Trade Desk from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, August 9th. Truist Financial boosted their target price on Trade Desk from $120.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, November 8th. BTIG Research boosted 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. Finally, Bank of America assumed coverage on Trade Desk in a research report on Wednesday, September 4th. They issued a "buy" rating and a $135.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Trade Desk presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.65.

Trade Desk Price Performance

TTD stock traded down $1.37 during midday trading on Thursday, hitting $125.88. The stock had a trading volume of 2,679,282 shares, compared to its average volume of 3,826,051. The business has a 50-day moving average of $114.45 and a two-hundred day moving average of $102.09. The firm has a market cap of $61.88 billion, a price-to-earnings ratio of 207.10, a price-to-earnings-growth ratio of 6.25 and a beta of 1.47. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $132.65.

Insider Activity

In other news, 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 directly owns 28,636 shares of the company's stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Laura Schenkein sold 3,130 shares of Trade Desk stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.33, for a total value of $310,902.90. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares of the company's stock, valued at approximately $68,930,351.49. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,556,291 shares of company stock worth $169,960,852. Corporate insiders own 9.72% of the company's stock.

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.