The Trade Desk, Inc. (NASDAQ:TTD) Stock Position Cut by MetLife Investment Management LLC

MetLife Investment Management LLC lessened its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 1.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,866 shares of the technology company’s stock after selling 546 shares during the period. MetLife Investment Management LLC’s holdings in Trade Desk were worth $3,056,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CAP Partners LLC boosted its position in shares of Trade Desk by 1.4% during the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after purchasing an additional 86 shares in the last quarter. Allworth Financial LP boosted its position in shares of Trade Desk by 2.7% during the 3rd 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. Avior Wealth Management LLC boosted its position in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. HM Payson & Co. boosted its position in shares of Trade Desk by 1.0% during the 3rd quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock valued at $1,083,000 after purchasing an additional 102 shares in the last quarter. Finally, Wealth Alliance boosted its position in shares of Trade Desk by 0.6% during the 2nd quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TTD. Wedbush raised their price objective on shares of Trade Desk from $115.00 to $135.00 and gave the company an “outperform” rating in a research 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. Citigroup upped their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird upped their price objective 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, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price objective 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 given a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.66.

Trade Desk Stock Up 3.0 %

Shares of TTD stock opened at $139.16 on Wednesday. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $139.23. The business’s 50 day moving average is $120.56 and its two-hundred day moving average is $106.02. The company has a market cap of $68.69 billion, a PE ratio of 228.13, a price-to-earnings-growth ratio of 6.13 and a beta of 1.43.

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 20,579 shares of the firm’s stock in a transaction 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 sale, the insider now owns 178,853 shares in the company, valued at approximately $19,432,378.45. This trade represents a 10.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the completion of the sale, the chief executive officer now owns 765,180 shares in the company, valued at approximately $83,764,254.60. The trade was a 20.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,938 shares of company stock worth $125,534,054 over the last 90 days. 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.