The Trade Desk, Inc. (NASDAQ:TTD) Stake Raised by Raymond James Trust N.A.

Raymond James Trust N.A. increased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 16.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,148 shares of the technology company’s stock after buying an additional 2,721 shares during the quarter. Raymond James Trust N.A.’s holdings in Trade Desk were worth $2,100,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CAP Partners LLC increased its holdings in shares of Trade Desk by 1.4% during the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after purchasing an additional 86 shares during the period. Allworth Financial LP increased its stake in Trade Desk by 2.7% during the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after buying an additional 97 shares during the period. Apella Capital LLC raised its position in shares of Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after buying an additional 100 shares in the last quarter. Avior Wealth Management LLC lifted 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 period. Finally, HM Payson & Co. boosted its holdings in shares of Trade Desk by 1.0% in the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock valued at $1,083,000 after acquiring an additional 102 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Up 1.8 %

NASDAQ TTD opened at $129.70 on Friday. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $132.65. The stock has a market cap of $64.02 billion, a P/E ratio of 212.62, a PEG ratio of 5.77 and a beta of 1.47. The company’s 50-day simple moving average is $117.38 and its 200 day simple moving average is $103.75.

Insider Activity

In related news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the sale, the director now owns 29,991 shares in the company, valued at $3,269,019. This trade represents a 4.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was 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 directly owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. The trade was a 42.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,412,367 shares of company stock worth $155,067,356. Company insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TTD. New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 target price on the stock. in a report on Tuesday, October 29th. Royal Bank of Canada upped their price objective on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Wedbush lifted their target price on Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Citigroup boosted their price target on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Needham & Company LLC raised their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus 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.