UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $231.29 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,109,380 shares of the technology company’s stock after buying an additional 68,206 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.43% of Trade Desk worth $231,294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Transcendent Capital Group LLC bought a new position in shares of Trade Desk during the 2nd quarter worth approximately $30,000. Avior Wealth Management LLC lifted its holdings in shares of Trade Desk by 37.7% during 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. JFS Wealth Advisors LLC boosted its stake in shares of Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares in the last quarter. Brown Lisle Cummings Inc. grew 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 worth $41,000 after purchasing an additional 150 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in shares of Trade Desk during the 2nd quarter worth about $37,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $128.55 on Friday. The company has a 50 day moving average price of $119.08 and a two-hundred day moving average price of $104.88. The company has a market capitalization of $63.45 billion, a PE ratio of 210.74, a PEG ratio of 5.81 and a beta of 1.47. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $132.65.

Analyst Upgrades and Downgrades

A number of research firms have commented on TTD. KeyCorp boosted their price target on shares of Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Loop Capital boosted their target price on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. UBS Group raised their price target on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wedbush boosted their price objective on Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $124.66.

Insider Activity

In other Trade Desk news, 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 owns 29,991 shares in the company, valued at approximately $3,269,019. This represents a 4.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $109.47, for a total value of $21,894,000.00. Following the completion of the sale, the chief executive officer now directly owns 765,180 shares in the company, valued at $83,764,254.60. This represents a 20.72 % 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. Company insiders own 9.72% of the company’s stock.

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.