Vinva Investment Management Ltd Raises Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Vinva Investment Management Ltd grew its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 13.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,823 shares of the technology company’s stock after purchasing an additional 2,444 shares during the quarter. Vinva Investment Management Ltd’s holdings in Trade Desk were worth $2,279,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TTD. Swedbank AB purchased a new position in Trade Desk during the 1st quarter valued at about $15,999,000. PGGM Investments increased its stake in shares of Trade Desk by 53.0% during the first quarter. PGGM Investments now owns 17,955 shares of the technology company’s stock valued at $1,570,000 after buying an additional 6,222 shares during the period. Cetera Investment Advisers raised its holdings in shares of Trade Desk by 175.0% during the first quarter. Cetera Investment Advisers now owns 142,702 shares of the technology company’s stock valued at $12,475,000 after acquiring an additional 90,818 shares in the last quarter. Cetera Advisors LLC lifted its stake in Trade Desk by 152.2% in the first quarter. Cetera Advisors LLC now owns 41,593 shares of the technology company’s stock worth $3,636,000 after acquiring an additional 25,098 shares during the period. Finally, Soltis Investment Advisors LLC boosted its holdings in Trade Desk by 16.6% in the first quarter. Soltis Investment Advisors LLC now owns 4,242 shares of the technology company’s stock valued at $371,000 after acquiring an additional 605 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $128.15 on Friday. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $132.65. The stock’s fifty day moving average price is $118.72 and its 200-day moving average price is $104.72. The company has a market cap of $63.25 billion, a P/E ratio of 210.08, a PEG ratio of 5.81 and a beta of 1.47.

Insider Buying and Selling at Trade Desk

In related 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 value of $159,740.95. Following the completion of the sale, the director now owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of the 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 directly owns 765,180 shares in the company, valued at approximately $83,764,254.60. This 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.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Moffett Nathanson initiated coverage on shares of Trade Desk in a report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price objective for the company. Stifel Nicolaus boosted their price target on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Citigroup raised their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Truist Financial upped their target price on Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $124.66.

Trade Desk Company 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.