2,330 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by Flow Traders U.S. LLC

Flow Traders U.S. LLC bought a new position in The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,330 shares of the technology company’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Captrust Financial Advisors boosted its position in shares of Trade Desk by 2.3% in the third quarter. Captrust Financial Advisors now owns 14,404 shares of the technology company’s stock worth $1,579,000 after buying an additional 322 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Trade Desk by 6.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 42,836 shares of the technology company’s stock worth $4,697,000 after acquiring an additional 2,516 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Trade Desk by 5.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 13,243 shares of the technology company’s stock worth $1,452,000 after acquiring an additional 697 shares during the period. Vinva Investment Management Ltd grew its stake in Trade Desk by 13.3% during the 3rd quarter. Vinva Investment Management Ltd now owns 20,823 shares of the technology company’s stock valued at $2,279,000 after acquiring an additional 2,444 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Trade Desk by 3.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock valued at $231,294,000 after purchasing an additional 68,206 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

Trade Desk stock opened at $136.36 on Friday. The firm has a market capitalization of $67.30 billion, a P/E ratio of 223.54, a P/E/G ratio of 6.31 and a beta of 1.43. The stock has a fifty day moving average price of $121.68 and a two-hundred day moving average price of $106.46. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $141.53.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 20,579 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the transaction, the insider now owns 178,853 shares in the company, valued at $19,432,378.45. This represents a 10.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. In 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 insiders.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of research analyst reports. Bank of America started coverage on shares of Trade Desk in a research report on Wednesday, September 4th. They set a “buy” rating and a $135.00 price objective on the stock. Susquehanna restated a “positive” rating and set a $150.00 price target on shares of Trade Desk in a report on Thursday, November 21st. BTIG Research increased their price objective on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Benchmark restated a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. Finally, DA Davidson raised their price target on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.94.

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.