KBC Group NV Has $12.40 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

KBC Group NV boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 22.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,097 shares of the technology company’s stock after purchasing an additional 20,576 shares during the period. KBC Group NV’s holdings in Trade Desk were worth $12,401,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in Trade Desk in the 2nd quarter valued at about $30,000. JFS Wealth Advisors LLC raised its stake in Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after buying an additional 247 shares during the period. Brown Lisle Cummings Inc. lifted its position in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the last quarter. EdgeRock Capital LLC bought a new position in shares of Trade Desk during the 2nd quarter worth approximately $37,000. Finally, Quarry LP acquired a new position in shares of Trade Desk during the 2nd quarter worth approximately $41,000. 67.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the sale, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The trade was a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 20,579 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the completion of the transaction, the insider now owns 178,853 shares of the company’s stock, valued at $19,432,378.45. The trade was a 10.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,548,289 shares of company stock valued at $169,165,185. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Stock Performance

Trade Desk stock opened at $118.15 on Friday. The stock has a fifty day moving average of $115.25 and a 200-day moving average of $102.63. The stock has a market capitalization of $58.08 billion, a P/E ratio of 193.69, a price-to-earnings-growth ratio of 6.07 and a beta of 1.47. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $132.65.

Analysts Set New Price Targets

A number of research firms have commented on TTD. Morgan Stanley lifted their price objective on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Truist Financial lifted their target price on shares of Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Benchmark reissued a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a report on Friday, November 8th. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, KeyCorp increased their target price on Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $122.65.

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.