Wilmington Savings Fund Society FSB Makes New $1.19 Million Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Wilmington Savings Fund Society FSB bought a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,889 shares of the technology company's stock, valued at approximately $1,194,000.

A number of other large investors have also recently bought and sold shares of TTD. Baillie Gifford & Co. increased its position 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 acquiring an additional 1,720,650 shares during the last quarter. Jennison Associates LLC increased its position 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 acquiring an additional 2,013,047 shares during the last quarter. Edgewood Management LLC increased its position 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 acquiring an additional 5,675,571 shares during the last quarter. 1832 Asset Management L.P. increased its position in shares of Trade Desk by 10.5% during the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company's stock worth $278,623,000 after acquiring an additional 270,800 shares during the last quarter. Finally, FMR LLC increased its position in shares of Trade Desk by 1.3% during the third quarter. FMR LLC now owns 2,616,203 shares of the technology company's stock worth $286,867,000 after acquiring an additional 32,999 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Buying and Selling at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $109.47, for a total value of $21,894,000.00. Following the completion of the transaction, the chief executive officer now owns 765,180 shares in the company, valued at $83,764,254.60. This trade represents a 20.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Company insiders own 9.72% of the company's stock.

Trade Desk Price Performance

Trade Desk stock traded down $1.15 during mid-day trading on Friday, reaching $132.42. 3,166,496 shares of the company traded hands, compared to its average volume of 3,746,560. The firm's 50 day moving average price is $124.59 and its 200 day moving average price is $108.19. The firm has a market capitalization of $65.36 billion, a price-to-earnings ratio of 217.08, a P/E/G ratio of 6.00 and a beta of 1.43. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $141.53.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TTD shares. Oppenheimer lifted their target price on Trade Desk from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Bank of America initiated coverage on Trade Desk in a research note on Wednesday, September 4th. They issued a "buy" rating and a $135.00 target price for the company. DA Davidson lifted their price target on Trade Desk from $108.00 to $134.00 and gave the company a "buy" rating in a report on Monday, November 11th. Loop Capital lifted their price target on Trade Desk from $120.00 to $145.00 and gave the company a "buy" rating in a report on Monday, November 11th. Finally, Macquarie lifted their price target on Trade Desk from $133.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have given a buy rating to the company's stock. According to data from MarketBeat.com, Trade Desk presently has an average rating of "Moderate Buy" and a consensus price target of $124.94.

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.