The Trade Desk, Inc. (NASDAQ:TTD) Holdings Lifted by Eventide Asset Management LLC

Eventide Asset Management LLC raised its position in shares of The Trade Desk, Inc. (NASDAQ:TTDFree Report) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,012,642 shares of the technology company’s stock after purchasing an additional 6,004 shares during the period. Trade Desk accounts for about 1.4% of Eventide Asset Management LLC’s investment portfolio, making the stock its 21st largest position. Eventide Asset Management LLC owned approximately 0.21% of Trade Desk worth $79,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Trade Desk by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 39,911,814 shares of the technology company’s stock valued at $2,763,893,000 after acquiring an additional 263,838 shares during the last quarter. BlackRock Inc. grew its holdings in Trade Desk by 2.3% in the 2nd quarter. BlackRock Inc. now owns 22,267,061 shares of the technology company’s stock valued at $1,719,462,000 after buying an additional 499,199 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Trade Desk by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,447,010 shares of the technology company’s stock valued at $647,660,000 after buying an additional 135,704 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Trade Desk by 10.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,367,719 shares of the technology company’s stock valued at $599,275,000 after buying an additional 1,239,936 shares during the last quarter. Finally, State Street Corp grew its holdings in Trade Desk by 2.4% in the 1st quarter. State Street Corp now owns 8,940,680 shares of the technology company’s stock valued at $544,573,000 after buying an additional 207,354 shares during the last quarter. 68.23% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Shares of TTD traded up $0.62 during trading hours on Thursday, reaching $85.52. The stock had a trading volume of 1,784,612 shares, compared to its average volume of 5,660,540. The stock has a market capitalization of $41.81 billion, a PE ratio of 235.84, a PEG ratio of 4.72 and a beta of 1.50. The Trade Desk, Inc. has a 12 month low of $50.33 and a 12 month high of $94.00. The company’s 50-day moving average is $72.40 and its two-hundred day moving average is $74.25.

Analyst Upgrades and Downgrades

TTD has been the topic of several recent research reports. Truist Financial lifted their price objective on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 16th. New Street Research raised Trade Desk from a “sell” rating to a “neutral” rating in a research note on Thursday, November 2nd. Susquehanna boosted their target price on Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, February 16th. Oppenheimer boosted their target price on Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and an average price target of $88.93.

Get Our Latest Analysis on TTD

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 2,999 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total transaction of $188,217.24. Following the completion of the transaction, the director now directly owns 36,312 shares of the company’s stock, valued at approximately $2,278,941.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the sale, the insider now directly owns 139,794 shares in the company, valued at approximately $12,515,756.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total value of $188,217.24. Following the sale, the director now owns 36,312 shares of the company’s stock, valued at $2,278,941.12. The disclosure for this sale can be found here. Insiders sold a total of 176,531 shares of company stock valued at $14,475,194 in the last three months. Insiders own 10.81% of the company’s stock.

Trade Desk Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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