The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 55.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,549,399 shares of the technology company's stock after purchasing an additional 551,925 shares during the quarter. Wellington Management Group LLP owned approximately 0.32% of Trade Desk worth $169,892,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TTD. Edgewood Management LLC raised its holdings in shares of Trade Desk by 133.3% in the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company's stock valued at $1,089,280,000 after purchasing an additional 5,675,571 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock valued at $2,228,172,000 after purchasing an additional 2,013,047 shares in the last quarter. Baillie Gifford & Co. lifted its position in Trade Desk by 4.7% during the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock valued at $4,245,218,000 after acquiring an additional 1,720,650 shares during the last quarter. International Assets Investment Management LLC lifted its position in 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 valued at $172,460,000 after acquiring an additional 1,558,465 shares during the last quarter. Finally, Marshall Wace LLP lifted its position 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 acquiring an additional 872,555 shares during the last quarter. Institutional investors own 67.77% of the company's stock.

Trade Desk Price Performance

Shares of TTD stock traded down $4.34 during trading on Monday, reaching $134.77. The company's stock had a trading volume of 4,522,942 shares, compared to its average volume of 3,844,782. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $141.53. The company has a market capitalization of $66.52 billion, a price-to-earnings ratio of 228.05, a P/E/G ratio of 6.30 and a beta of 1.43. The stock's 50-day moving average price is $122.27 and its 200 day moving average price is $106.91.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TTD shares. Loop Capital raised their price target on shares of Trade Desk from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Robert W. Baird raised their price target on shares of Trade Desk from $130.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. KeyCorp increased their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Truist Financial increased their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Susquehanna reissued a "positive" rating and issued a $150.00 price target on shares of Trade Desk in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have issued a buy rating to the company's stock. Based on data from MarketBeat, Trade Desk currently has an average rating of "Moderate Buy" and a consensus target price of $124.94.

Insiders Place Their Bets

In related news, Director Gokul Rajaram sold 1,355 shares of the company's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the sale, the director now owns 28,636 shares in the company, valued at $3,375,898.04. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jay R. Grant sold 20,579 shares of the company's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the completion of the sale, the insider now owns 178,853 shares of the company's stock, valued at approximately $19,432,378.45. This trade represents a 10.32 % decrease in their position. 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 90 days. 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.