Charles Schwab Investment Management Inc. Increases Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Charles Schwab Investment Management Inc. raised its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 2.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,779,650 shares of the technology company’s stock after purchasing an additional 41,025 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Trade Desk were worth $195,139,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Transcendent Capital Group LLC bought a new stake in Trade Desk during the 2nd quarter valued at $30,000. EdgeRock Capital LLC purchased a new stake in shares of Trade Desk during the second quarter worth about $37,000. Avior Wealth Management LLC grew its stake in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the last quarter. Quarry LP purchased a new position in Trade Desk during the 2nd quarter valued at about $41,000. Finally, Brown Lisle Cummings Inc. increased its holdings in Trade Desk by 66.7% during 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. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TTD. BTIG Research lifted their price objective on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. DA Davidson boosted their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a report on Friday. 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. Finally, Wells Fargo & Company assumed coverage on shares of Trade Desk in a research note on Monday, October 28th. They issued an “overweight” rating and a $150.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.66.

Trade Desk Stock Performance

TTD opened at $129.70 on Friday. The company’s 50-day simple moving average is $117.38 and its two-hundred day simple moving average is $103.75. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $132.65. The stock has a market capitalization of $64.02 billion, a P/E ratio of 212.62, a P/E/G ratio of 5.77 and a beta of 1.47.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the transaction, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. This trade represents a 42.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on 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 owns 29,991 shares in the company, valued at $3,269,019. This trade represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,412,367 shares of company stock worth $155,067,356. 9.72% of the stock is owned by insiders.

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.