Westfield Capital Management Co. LP Boosts Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Westfield Capital Management Co. LP raised its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 43.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 736,496 shares of the technology company’s stock after purchasing an additional 223,727 shares during the period. Westfield Capital Management Co. LP owned about 0.15% of Trade Desk worth $80,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC raised its stake in Trade Desk by 1.4% in the first quarter. Lazard Asset Management LLC now owns 12,755 shares of the technology company’s stock valued at $1,114,000 after buying an additional 171 shares in the last quarter. Mount Yale Investment Advisors LLC raised its position in shares of Trade Desk by 13.5% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 8,466 shares of the technology company’s stock worth $740,000 after acquiring an additional 1,009 shares in the last quarter. SVB Wealth LLC acquired a new position in Trade Desk in the first quarter valued at approximately $231,000. Ashford Capital Management Inc. increased its stake in Trade Desk by 1.9% in the first quarter. Ashford Capital Management Inc. now owns 208,489 shares of the technology company’s stock valued at $18,226,000 after purchasing an additional 3,963 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in Trade Desk by 7.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 51,086 shares of the technology company’s stock valued at $4,466,000 after purchasing an additional 3,532 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

Trade Desk stock opened at $129.70 on Friday. The stock’s 50 day moving average price is $117.38 and its 200 day moving average price is $103.75. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65. The company has a market cap of $64.02 billion, a PE ratio of 212.62, a price-to-earnings-growth ratio of 5.77 and a beta of 1.47.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TTD. Needham & Company LLC upped their target price on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. 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. Wells Fargo & Company assumed coverage on Trade Desk in a report on Monday, October 28th. They set an “overweight” rating and a $150.00 price objective on the stock. Oppenheimer boosted their target price on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Piper Sandler restated an “overweight” rating and set a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.66.

Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 80,649 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total value of $9,314,959.50. Following the sale, the chief executive officer now owns 7,330 shares of the company’s stock, valued at approximately $846,615. This represents a 91.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s 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 transaction, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,412,367 shares of company stock valued at $155,067,356. 9.72% of the stock is owned by company insiders.

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.