UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 68,206 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,109,380 shares of the technology company’s stock after purchasing an additional 68,206 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Trade Desk were worth $231,294,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in shares of Trade Desk in the 2nd quarter valued at approximately $30,000. EdgeRock Capital LLC acquired a new stake in Trade Desk in the second quarter valued at $37,000. Avior Wealth Management LLC grew its position 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 valued at $40,000 after acquiring an additional 100 shares during the period. Quarry LP acquired a new position in shares of Trade Desk during the 2nd quarter worth about $41,000. Finally, Brown Lisle Cummings Inc. raised its holdings in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TTD shares. Truist Financial boosted their price target on Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a research note on Monday, October 7th. BTIG Research lifted their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and issued a $140.00 price objective (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Finally, Loop Capital raised their target price on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average price target of $124.66.

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $109.47, for a total value of $21,894,000.00. Following the transaction, the chief executive officer now owns 765,180 shares in the company, valued at $83,764,254.60. The trade was a 20.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of TTD opened at $128.55 on Friday. The firm has a 50 day simple moving average of $119.08 and a two-hundred day simple moving average of $104.88. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65. The company has a market cap of $63.45 billion, a P/E ratio of 210.74, a P/E/G ratio of 5.81 and a beta of 1.47.

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.