B. Metzler seel. Sohn & Co. Holding AG Takes Position in The Trade Desk, Inc. (NASDAQ:TTD)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,752 shares of the technology company’s stock, valued at approximately $1,508,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTD. Acadian Asset Management LLC grew its position in Trade Desk by 99.4% in the 1st quarter. Acadian Asset Management LLC now owns 11,022 shares of the technology company’s stock worth $962,000 after purchasing an additional 5,495 shares during the last quarter. UniSuper Management Pty Ltd grew its holdings in Trade Desk by 96.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 6,300 shares of the technology company’s stock worth $551,000 after buying an additional 3,100 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Trade Desk by 1,073.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,028 shares of the technology company’s stock valued at $265,000 after acquiring an additional 2,770 shares in the last quarter. EP Wealth Advisors LLC boosted its position in Trade Desk by 51.2% during the 1st quarter. EP Wealth Advisors LLC now owns 10,254 shares of the technology company’s stock worth $896,000 after acquiring an additional 3,473 shares during the period. Finally, Lazard Asset Management LLC grew its stake in shares of Trade Desk by 1.4% in the first quarter. Lazard Asset Management LLC now owns 12,755 shares of the technology company’s stock worth $1,114,000 after purchasing an additional 171 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Up 1.8 %

TTD stock opened at $129.70 on Friday. The company has a 50 day moving average of $116.90 and a two-hundred day moving average of $103.48. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $132.65. The company has a market cap of $64.02 billion, a price-to-earnings ratio of 212.62, a PEG ratio of 5.41 and a beta of 1.47.

Analyst Upgrades and Downgrades

TTD has been the subject of several research analyst reports. Loop Capital upped their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Wedbush upped their price target on shares of Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Stifel Nicolaus raised their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Oppenheimer upped their target price on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, DA Davidson lifted their price target on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.66.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the sale, the chief executive officer now owns 380,832 shares in the company, valued at $39,682,694.40. The trade was a 42.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,412,367 shares of company stock worth $155,067,356 over the last three months. 9.72% of the stock is currently owned by 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.