Soltis Investment Advisors LLC lowered its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD – Free Report) by 26.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,235 shares of the technology company’s stock after selling 1,160 shares during the period. Soltis Investment Advisors LLC’s holdings in Trade Desk were worth $355,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in TTD. Baillie Gifford & Co. boosted its holdings in Trade Desk by 4.7% in the third 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 during the period. Jennison Associates LLC lifted its stake in 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 acquiring an additional 2,013,047 shares during the last quarter. Edgewood Management LLC grew its holdings in Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after acquiring an additional 5,675,571 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of Trade Desk by 10.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after purchasing an additional 270,800 shares during the last quarter. Finally, FMR LLC raised its stake in Trade Desk by 1.3% in the third quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock valued at $286,867,000 after buying an additional 32,999 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.
Insiders Place Their Bets
In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now directly owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. This trade represents a 4.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were 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 approximately $80,102,994.79. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock valued at $125,534,054 in the last ninety days. Insiders own 9.72% of the company’s stock.
Trade Desk Stock Up 1.1 %
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on TTD shares. Piper Sandler reissued an “overweight” rating and set a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Moffett Nathanson assumed coverage on Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 price target on the stock. UBS Group lifted their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Stifel Nicolaus boosted their target price on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, Scotiabank assumed coverage on shares of Trade Desk in a research report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.94.
Read Our Latest Analysis on TTD
Trade Desk 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.
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