The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 82.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,964 shares of the technology company’s stock after purchasing an additional 45,929 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Trade Desk were worth $11,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. boosted its stake in Trade Desk by 4.7% during 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 purchasing an additional 1,720,650 shares during the period. Jennison Associates LLC boosted 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 buying an additional 2,013,047 shares during the period. Edgewood Management LLC grew its holdings in Trade Desk by 133.3% in the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after buying an additional 5,675,571 shares in the last quarter. 1832 Asset Management L.P. increased its position in Trade Desk by 10.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after acquiring an additional 270,800 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Trade Desk by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,779,650 shares of the technology company’s stock valued at $195,139,000 after acquiring an additional 41,025 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TTD. Citigroup lifted their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. DA Davidson upped their price target on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Benchmark reiterated a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a research note on Friday, November 8th. New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price target on the stock. in a research report on Tuesday, October 29th. Finally, Needham & Company LLC upped their price objective on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $123.66.

Insider Buying and Selling at Trade Desk

In other 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 transaction, 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 can be accessed through this link. 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 value of $21,736,000.00. Following the sale, the chief executive officer now owns 565,180 shares of the company’s stock, valued at approximately $61,423,762.40. This represents a 26.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,938 shares of company stock valued at $125,534,054 in the last 90 days. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Trading Up 1.8 %

NASDAQ:TTD opened at $129.70 on Monday. The business’s fifty day moving average price is $117.38 and its 200 day moving average price is $103.98. The firm has a market capitalization of $64.02 billion, a price-to-earnings ratio of 212.62, a PEG ratio of 5.88 and a beta of 1.47. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65.

About Trade Desk

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.