103,017 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 103,017 shares of the technology company’s stock, valued at approximately $11,296,000.

A number of other large investors have also recently made changes to their positions in the business. ORG Partners LLC lifted its holdings in Trade Desk by 6,661.5% during the second quarter. ORG Partners LLC now owns 879 shares of the technology company’s stock worth $86,000 after acquiring an additional 866 shares during the period. Swedbank AB raised its position in Trade Desk by 28.4% in the second quarter. Swedbank AB now owns 234,911 shares of the technology company’s stock worth $22,944,000 after acquiring an additional 51,900 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Trade Desk by 34.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 134,877 shares of the technology company’s stock valued at $13,173,000 after acquiring an additional 34,496 shares during the period. Miracle Mile Advisors LLC bought a new position in Trade Desk during the second quarter valued at $234,000. Finally, Blue Trust Inc. lifted its position in shares of Trade Desk by 286.9% during the 2nd quarter. Blue Trust Inc. now owns 1,327 shares of the technology company’s stock valued at $130,000 after buying an additional 984 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Trading Down 0.0 %

TTD opened at $133.56 on Friday. The firm has a market cap of $65.92 billion, a price-to-earnings ratio of 218.97, a PEG ratio of 6.08 and a beta of 1.43. The stock has a fifty day moving average price of $124.20 and a 200-day moving average price of $107.84. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $108.68, for a total value of $21,736,000.00. Following the completion of the transaction, the chief executive officer now owns 565,180 shares of the company’s stock, valued at approximately $61,423,762.40. The trade was a 26.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was 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 owns 693,953 shares in the company, valued at $80,102,994.79. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock valued at $125,534,054 in the last quarter. 9.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. KeyCorp raised their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Piper Sandler reiterated an “overweight” rating and set a $140.00 target price (up from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. 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. Oppenheimer upped their price objective on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Bank of America began coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They set a “buy” rating and a $135.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.