Charles Schwab Investment Management Inc. Has $195.14 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Charles Schwab Investment Management Inc. grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,779,650 shares of the technology company’s stock after acquiring an additional 41,025 shares during the period. Charles Schwab Investment Management Inc. owned 0.36% of Trade Desk worth $195,139,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TTD. Integrated Investment Consultants LLC acquired a new stake in shares of Trade Desk during the 3rd quarter worth approximately $202,000. Intech Investment Management LLC grew its holdings in Trade Desk by 1.3% in the third quarter. Intech Investment Management LLC now owns 20,119 shares of the technology company’s stock worth $2,206,000 after purchasing an additional 261 shares during the period. Citizens Financial Group Inc. RI bought a new stake in Trade Desk in the third quarter valued at $257,000. Moors & Cabot Inc. raised its holdings in shares of Trade Desk by 10.0% during the third quarter. Moors & Cabot Inc. now owns 5,241 shares of the technology company’s stock valued at $575,000 after purchasing an additional 475 shares during the period. Finally, Kirtland Hills Capital Management LLC boosted its position in shares of Trade Desk by 6.3% during the 3rd quarter. Kirtland Hills Capital Management LLC now owns 10,439 shares of the technology company’s stock worth $1,145,000 after purchasing an additional 619 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 20,579 shares of Trade Desk stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 178,853 shares in the company, valued at $19,432,378.45. The trade was a 10.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,412,367 shares of company stock valued at $155,067,356. Company insiders own 9.72% of the company’s stock.

Trade Desk Stock Performance

Shares of TTD opened at $129.70 on Friday. The stock has a market capitalization of $64.02 billion, a price-to-earnings ratio of 212.62, a price-to-earnings-growth ratio of 5.77 and a beta of 1.47. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $132.65. The stock’s 50-day simple moving average is $117.38 and its 200 day simple moving average is $103.75.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Susquehanna reaffirmed a “positive” rating and issued a $150.00 target price on shares of Trade Desk in a research report on Thursday. UBS Group upped their target price on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Oppenheimer lifted their price target on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Needham & Company LLC boosted their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Bank of America began coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.66.

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.