Transamerica Financial Advisors Inc. Sells 1,365 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Transamerica Financial Advisors Inc. reduced its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,288 shares of the technology company’s stock after selling 1,365 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Trade Desk were worth $3,870,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Venture Visionary Partners LLC raised its stake in Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after purchasing an additional 4,296 shares in the last quarter. Ithaka Group LLC increased its holdings in Trade Desk by 4.5% in the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after buying an additional 4,836 shares during the period. Assetmark Inc. lifted its holdings in shares of Trade Desk by 2,461.2% during the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after acquiring an additional 70,687 shares during the period. Swiss National Bank boosted its position in shares of Trade Desk by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Trade Desk by 5.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company’s stock valued at $9,179,000 after acquiring an additional 5,148 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Moffett Nathanson assumed coverage on shares of Trade Desk in a research note on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price objective for the company. Macquarie boosted their price objective on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday. Loop Capital upped their target price on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Robert W. Baird lifted their price target on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and an average target price of $124.66.

Trade Desk Stock Performance

TTD stock traded down $0.35 during midday trading on Tuesday, reaching $129.35. 5,323,217 shares of the company’s stock traded hands, compared to its average volume of 3,853,049. The firm has a market capitalization of $63.84 billion, a PE ratio of 212.05, a price-to-earnings-growth ratio of 5.88 and a beta of 1.47. The company has a 50-day moving average price of $117.38 and a two-hundred day moving average price of $103.98. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $132.65.

Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 765,180 shares of the company’s stock, valued at $83,764,254.60. This trade represents a 20.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jay R. Grant sold 20,579 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the completion of the transaction, the insider now directly owns 178,853 shares of the company’s stock, valued at approximately $19,432,378.45. This represents a 10.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,128,938 shares of company stock valued at $125,534,054 in the last three months. Company insiders own 9.72% of the company’s stock.

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.