The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank increased its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 27.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 57,391 shares of the technology company's stock after buying an additional 12,279 shares during the quarter. Toronto Dominion Bank's holdings in Trade Desk were worth $6,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Assenagon Asset Management S.A. grew its position in shares of Trade Desk by 34.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 134,877 shares of the technology company's stock valued at $13,173,000 after acquiring an additional 34,496 shares during the period. Blue Trust Inc. increased its holdings in Trade Desk by 286.9% in the 2nd quarter. Blue Trust Inc. now owns 1,327 shares of the technology company's stock valued at $130,000 after acquiring an additional 984 shares during the last quarter. Brookstone Capital Management lifted its stake in Trade Desk by 3.0% in the 2nd quarter. Brookstone Capital Management now owns 4,612 shares of the technology company's stock worth $439,000 after purchasing an additional 135 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Trade Desk by 69.3% during the 2nd quarter. Raymond James & Associates now owns 421,404 shares of the technology company's stock valued at $41,159,000 after purchasing an additional 172,451 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in shares of Trade Desk during the second quarter valued at about $211,000. Institutional investors own 67.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TTD shares. Evercore ISI increased their price target on Trade Desk from $110.00 to $135.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Stifel Nicolaus raised their target price on shares of Trade Desk from $111.00 to $136.00 and gave the company a "buy" rating in a report on Monday, October 14th. DA Davidson boosted their price target on shares of Trade Desk from $108.00 to $134.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Loop Capital lifted their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, UBS Group increased their price target on shares of Trade Desk from $140.00 to $150.00 and gave the company a "buy" rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.94.

Trade Desk Stock Performance

Trade Desk stock traded down $1.15 during mid-day trading on Friday, reaching $132.42. 3,166,496 shares of the company were exchanged, compared to its average volume of 3,746,560. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $141.53. The business has a fifty day moving average of $124.59 and a 200 day moving average of $108.28. The firm has a market cap of $65.36 billion, a P/E ratio of 217.08, a PEG ratio of 6.00 and a beta of 1.43.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the sale, the director now owns 29,991 shares in the company, valued at approximately $3,269,019. This represents a 4.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of the business's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the transaction, the chief executive officer now owns 565,180 shares in the company, valued at approximately $61,423,762.40. This trade represents a 26.14 % 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 in the last three months. 9.72% of the stock is owned by insiders.

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.