Diversified Portfolios Inc. Buys New Shares in The Trade Desk, Inc. (NASDAQ:TTD)

Diversified Portfolios Inc. acquired a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,045 shares of the technology company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TTD. Venture Visionary Partners LLC grew its stake in Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after buying an additional 4,296 shares during the period. Assetmark Inc. lifted its stake in shares of Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after purchasing an additional 70,687 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Trade Desk by 5.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company’s stock worth $9,179,000 after buying an additional 5,148 shares during the period. Blair William & Co. IL grew its stake in shares of Trade Desk by 61.2% in the first quarter. Blair William & Co. IL now owns 15,525 shares of the technology company’s stock valued at $1,357,000 after buying an additional 5,893 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Trade Desk by 12.1% during the 1st quarter. Russell Investments Group Ltd. now owns 144,350 shares of the technology company’s stock valued at $12,608,000 after buying an additional 15,550 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TTD shares. Stifel Nicolaus upped their price target on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Oppenheimer raised their price target on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. UBS Group boosted their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 target price on shares of Trade Desk in a research note on Monday, October 7th. Finally, New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price target on the stock. in a research note on Tuesday, October 29th. Two investment 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus price target of $122.65.

Trade Desk Stock Performance

TTD stock opened at $125.88 on Friday. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $132.65. The stock has a market capitalization of $61.88 billion, a price-to-earnings ratio of 206.36, a PEG ratio of 6.07 and a beta of 1.47. The stock’s fifty day moving average is $114.89 and its two-hundred day moving average is $102.26.

Insider Buying and Selling at Trade Desk

In related news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at $80,102,994.79. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the company’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 directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,548,289 shares of company stock valued at $169,165,185 in the last ninety days. Company 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.