MetLife Investment Management LLC Has $3.06 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

MetLife Investment Management LLC decreased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 1.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 27,866 shares of the technology company’s stock after selling 546 shares during the period. MetLife Investment Management LLC’s holdings in Trade Desk were worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in Trade Desk during the second quarter worth $30,000. EdgeRock Capital LLC acquired a new stake in shares of Trade Desk during the 2nd quarter valued at about $37,000. Avior Wealth Management LLC increased its stake in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares during the period. Quarry LP acquired a new position in Trade Desk in the second quarter worth about $41,000. Finally, Brown Lisle Cummings Inc. lifted its stake in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $139.16 on Wednesday. The firm has a fifty day moving average of $120.56 and a two-hundred day moving average of $106.02. The stock has a market capitalization of $68.69 billion, a price-to-earnings ratio of 228.13, a PEG ratio of 6.13 and a beta of 1.43. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $139.23.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction 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 sale, the director now owns 29,991 shares in the company, valued at $3,269,019. This represents a 4.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the completion of the sale, the chief executive officer now owns 765,180 shares of the company’s stock, valued at approximately $83,764,254.60. This represents a 20.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,128,938 shares of company stock worth $125,534,054. Insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Bank of America initiated coverage on Trade Desk in a research report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price target on the stock. Citigroup upped their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird lifted their target price on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. KeyCorp boosted their target price on Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, DA Davidson lifted their price objective on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.66.

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.