The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. grew its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 10.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,241 shares of the technology company’s stock after buying an additional 475 shares during the quarter. Moors & Cabot Inc.’s holdings in Trade Desk were worth $575,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Baillie Gifford & Co. increased its holdings in Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after buying an additional 1,720,650 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after purchasing an additional 2,013,047 shares in the last quarter. 1832 Asset Management L.P. raised its holdings 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 worth $278,623,000 after purchasing an additional 270,800 shares during the period. Jericho Capital Asset Management L.P. boosted its position in Trade Desk by 4.3% during the first quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock worth $211,500,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after purchasing an additional 872,555 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Trade Desk stock opened at $129.70 on Friday. The firm has a 50 day simple moving average of $116.90 and a 200-day simple moving average of $103.48. The stock has a market cap of $64.02 billion, a price-to-earnings ratio of 212.62, a price-to-earnings-growth ratio of 5.41 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.

Insider Buying and Selling

In other news, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. This represents a 3.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the transaction, the chief executive officer now directly owns 765,180 shares of the company’s stock, valued at $83,764,254.60. The trade was a 20.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,412,367 shares of company stock worth $155,067,356. Company insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TTD shares. Oppenheimer increased their target price on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Evercore ISI increased their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday. Wedbush lifted their target price on shares of Trade Desk from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Loop Capital upped their price target on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Bank of America initiated coverage on Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.66.

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.