The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,109,380 shares of the technology company's stock after acquiring an additional 68,206 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.43% of Trade Desk worth $231,294,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Swedbank AB purchased a new stake in shares of Trade Desk during the 1st quarter worth $15,999,000. Cetera Investment Advisers lifted its position in shares of Trade Desk by 175.0% during the 1st quarter. Cetera Investment Advisers now owns 142,702 shares of the technology company's stock worth $12,475,000 after purchasing an additional 90,818 shares during the last quarter. Cetera Advisors LLC lifted its position in shares of Trade Desk by 152.2% during the 1st quarter. Cetera Advisors LLC now owns 41,593 shares of the technology company's stock worth $3,636,000 after purchasing an additional 25,098 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Trade Desk by 17.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,824 shares of the technology company's stock worth $178,000 after purchasing an additional 266 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in Trade Desk by 11.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,494 shares of the technology company's stock valued at $146,000 after acquiring an additional 159 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Activity at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the transaction, the director now owns 29,991 shares of the company's stock, valued at $3,269,019. This trade represents a 4.32 % decrease in their ownership of the stock. The transaction 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 stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total transaction of $21,736,000.00. Following the completion of the sale, the chief executive officer now directly owns 565,180 shares of the company's stock, valued at $61,423,762.40. The trade was a 26.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,128,938 shares of company stock valued at $125,534,054. Company insiders own 9.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC boosted their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Loop Capital boosted their price target on shares of Trade Desk from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Cantor Fitzgerald reissued a "neutral" rating and issued a $110.00 price target on shares of Trade Desk in a research report on Monday, October 7th. UBS Group boosted their price target 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. Finally, StockNews.com cut shares of Trade Desk from a "buy" rating to a "hold" rating in a report on Saturday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $124.66.

Trade Desk Stock Up 0.3 %

Shares of TTD traded up $0.40 on Friday, hitting $128.55. 2,214,242 shares of the stock traded hands, compared to its average volume of 3,840,530. The firm has a market capitalization of $63.45 billion, a P/E ratio of 210.74, a P/E/G ratio of 5.81 and a beta of 1.47. The stock's 50 day moving average is $119.46 and its two-hundred day moving average is $105.17. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $132.65.

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.