175,000 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Bought by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 175,000 shares of the technology company’s stock, valued at approximately $19,189,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at $30,000. Avior Wealth Management LLC raised its position in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after acquiring an additional 247 shares in the last quarter. Brown Lisle Cummings Inc. grew its position in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 150 shares during the period. Finally, EdgeRock Capital LLC purchased a new position in shares of Trade Desk in the 2nd quarter valued at about $37,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the business’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 approximately $83,764,254.60. The trade was a 20.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the transaction, the director now directly owns 29,991 shares of the company’s stock, valued at $3,269,019. The trade was a 4.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,938 shares of company stock valued at $125,534,054 in the last quarter. Insiders own 9.72% of the company’s stock.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $128.55 on Monday. The stock has a 50 day moving average of $119.46 and a 200 day moving average of $105.30. The firm has a market capitalization of $63.45 billion, a price-to-earnings ratio of 210.74, a PEG ratio of 5.83 and a beta of 1.47. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $132.65.

Analysts Set New Price Targets

Several analysts have commented on the company. KeyCorp raised their price objective on Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Royal Bank of Canada lifted their price target on shares of Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Susquehanna restated a “positive” rating and set a $150.00 price objective on shares of Trade Desk in a research report on Thursday, November 21st. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and increased their price objective for the company from $85.00 to $115.00 in a report on Monday, November 25th. Finally, Evercore ISI boosted their target price on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.