The Trade Desk, Inc. (NASDAQ:TTD) Stock Position Decreased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. trimmed its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 8.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 47,665 shares of the technology company’s stock after selling 4,642 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Trade Desk were worth $5,227,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

TTD has been the subject of several research analyst reports. Citigroup raised their price objective on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wedbush raised their price target on shares of Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada upped their price objective on shares of Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. 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, DA Davidson boosted their price target on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus price target of $124.66.

Insider Buying and Selling

In other news, insider Jay R. Grant sold 20,579 shares of Trade Desk stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the sale, the insider now owns 178,853 shares of the company’s stock, valued at approximately $19,432,378.45. This trade represents a 10.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,128,938 shares of company stock valued at $125,534,054. 9.72% of the stock is owned by company insiders.

Trade Desk Stock Down 0.6 %

TTD opened at $128.15 on Friday. The stock’s 50 day moving average price is $118.72 and its two-hundred day moving average price is $104.72. The firm has a market capitalization of $63.25 billion, a P/E ratio of 210.08, a price-to-earnings-growth ratio of 5.81 and a beta of 1.47. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $132.65.

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.