The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank boosted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 27.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,391 shares of the technology company’s stock after purchasing an additional 12,279 shares during the quarter. Toronto Dominion Bank’s holdings in Trade Desk were worth $6,293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in shares of Trade Desk in the second quarter valued at approximately $30,000. EdgeRock Capital LLC purchased a new stake in Trade Desk in the 2nd quarter valued at $37,000. Avior Wealth Management LLC increased its stake in shares of Trade Desk by 37.7% in the 3rd 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 last quarter. Quarry LP purchased a new position in shares of Trade Desk during the 2nd quarter worth $41,000. Finally, Brown Lisle Cummings Inc. raised its holdings 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 worth $41,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $108.68, for a total transaction of $21,736,000.00. Following the sale, the chief executive officer now owns 565,180 shares of the company’s stock, valued at approximately $61,423,762.40. This trade represents a 26.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the completion of the transaction, the director now directly owns 29,991 shares of the company’s stock, valued at $3,269,019. This trade represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,128,938 shares of company stock valued at $125,534,054. Insiders own 9.72% of the company’s stock.

Trade Desk Stock Down 0.9 %

NASDAQ TTD opened at $132.42 on Friday. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $141.53. The firm has a 50 day moving average of $124.59 and a two-hundred day moving average of $108.19. The stock has a market capitalization of $65.36 billion, a PE ratio of 217.08, a price-to-earnings-growth ratio of 6.00 and a beta of 1.43.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TTD shares. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a research report on Monday, October 7th. Evercore ISI upped their price objective on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. UBS Group raised their target price on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Macquarie upped their price target on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, KeyCorp raised their price objective on Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.94.

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.