Vance Wealth Inc. Purchases New Shares in The Trade Desk, Inc. (NASDAQ:TTD)

Vance Wealth Inc. purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, Holdings Channel reports. The institutional investor purchased 1,994 shares of the technology company’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTD. 1832 Asset Management L.P. purchased a new position in Trade Desk in the 1st quarter valued at $225,710,000. Baillie Gifford & Co. lifted its holdings in Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Trade Desk by 10,856.6% in the 3rd 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. Marshall Wace LLP lifted its holdings 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 purchasing an additional 872,555 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Trade Desk by 3,973.6% in the 2nd quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock valued at $43,836,000 after purchasing an additional 437,967 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TTD. Bank of America initiated coverage on Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective on the stock. BTIG Research lifted their price target on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Susquehanna lifted their price target on Trade Desk from $135.00 to $150.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Morgan Stanley lifted their price target on Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Finally, Benchmark reiterated a “sell” rating and set a $57.00 price target on shares of Trade Desk in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.65.

Insider Transactions at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was 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 in the company, valued at $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the sale, the chief executive officer now owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. The trade was a 42.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,548,289 shares of company stock valued at $169,165,185. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $117.26 on Tuesday. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65. The company has a market cap of $57.88 billion, a PE ratio of 192.23, a P/E/G ratio of 5.35 and a beta of 1.47. The business has a 50-day simple moving average of $115.61 and a 200-day simple moving average of $102.96.

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.