BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 10,897 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 12.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,295 shares of the technology company’s stock after selling 10,897 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Trade Desk were worth $8,146,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Edgewood Management LLC lifted its stake in Trade Desk by 133.3% in the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after acquiring an additional 5,675,571 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after purchasing an additional 2,013,047 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Trade Desk by 4.7% during the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after purchasing an additional 1,720,650 shares during the last quarter. International Assets Investment Management LLC grew its position in Trade Desk by 10,856.6% in the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after purchasing an additional 1,558,465 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Trade Desk by 100.2% in the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after buying an additional 872,555 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TTD. Robert W. Baird raised their price objective on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Benchmark restated a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a research note on Friday, November 8th. UBS Group upped their price objective on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. BTIG Research raised their target price on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Susquehanna reaffirmed a “positive” rating and set a $150.00 price target on shares of Trade Desk in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $124.66.

Trade Desk Trading Up 0.3 %

TTD stock opened at $128.55 on Monday. The firm has a 50-day moving average price of $119.46 and a 200-day moving average price of $105.30. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $132.65. The stock has a market capitalization of $63.45 billion, a P/E ratio of 210.74, a price-to-earnings-growth ratio of 5.83 and a beta of 1.47.

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 20,579 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the completion of the transaction, the insider now directly owns 178,853 shares in the company, valued at approximately $19,432,378.45. This represents a 10.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total transaction of $21,736,000.00. Following the transaction, the chief executive officer now owns 565,180 shares in the company, valued at approximately $61,423,762.40. This trade represents a 26.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,128,938 shares of company stock valued at $125,534,054 in the last quarter. Insiders own 9.72% of the company’s stock.

Trade Desk Company 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.