Intech Investment Management LLC Raises Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Intech Investment Management LLC increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,119 shares of the technology company’s stock after purchasing an additional 261 shares during the period. Intech Investment Management LLC’s holdings in Trade Desk were worth $2,206,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Citizens Financial Group Inc. RI bought a new position in Trade Desk during the third quarter valued at approximately $257,000. Moors & Cabot Inc. boosted its position in shares of Trade Desk by 10.0% during the third quarter. Moors & Cabot Inc. now owns 5,241 shares of the technology company’s stock valued at $575,000 after buying an additional 475 shares during the period. Kirtland Hills Capital Management LLC grew its position in Trade Desk by 6.3% in the 3rd quarter. Kirtland Hills Capital Management LLC now owns 10,439 shares of the technology company’s stock valued at $1,145,000 after acquiring an additional 619 shares during the last quarter. Jennison Associates LLC increased its stake in Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after buying an additional 2,013,047 shares during the period. Finally, Commerce Bank raised its stake in shares of Trade Desk by 1.4% during the third quarter. Commerce Bank now owns 56,158 shares of the technology company’s stock valued at $6,158,000 after acquiring an additional 798 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction 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 of the company’s stock, valued at approximately $80,102,994.79. The trade was a 3.48 % decrease in their ownership of the stock. 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 over the last 90 days. 9.72% of the stock is currently owned by company insiders.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $129.70 on Monday. The company has a market capitalization of $64.02 billion, a P/E ratio of 212.62, a price-to-earnings-growth ratio of 5.88 and a beta of 1.47. The business’s 50-day moving average price is $117.38 and its two-hundred day moving average price is $103.98. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65.

Analysts Set New Price Targets

TTD has been the topic of several recent research reports. Needham & Company LLC increased their target price on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. KeyCorp lifted their price target on Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. BTIG Research raised their price objective on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a report on Monday, October 7th. Finally, Macquarie raised their price target on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.