The Trade Desk, Inc. (NASDAQ:TTD) Holdings Cut by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. trimmed its position in The Trade Desk, Inc. (NASDAQ:TTD) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 82,013 shares of the technology company’s stock after selling 819 shares during the period. Trade Desk comprises about 5.9% of Ables Iannone Moore & Associates Inc.’s portfolio, making the stock its 5th largest holding. Ables Iannone Moore & Associates Inc.’s holdings in Trade Desk were worth $9,642,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Edgewood Management LLC boosted its stake in Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after buying an additional 5,675,571 shares during the last quarter. Jennison Associates LLC raised its position in shares of Trade Desk by 11.0% during the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after buying an additional 2,013,047 shares during the period. Baillie Gifford & Co. increased its stake in Trade Desk by 4.7% during the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after acquiring an additional 1,720,650 shares during the last quarter. International Assets Investment Management LLC raised its position in Trade Desk by 10,856.6% in the third 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 during the period. Finally, Marshall Wace LLP lifted its stake in shares of 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 during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Needham & Company LLC boosted their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Wedbush upped their price objective on shares of Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday. Royal Bank of Canada lifted their target price on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a report on Friday. Stifel Nicolaus upped their price target on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Finally, Wells Fargo & Company started coverage on Trade Desk in a report on Monday, October 28th. They set an “overweight” rating and a $150.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.48.

Trade Desk Stock Up 3.9 %

NASDAQ:TTD traded up $4.74 during mid-day trading on Monday, reaching $126.58. 3,772,512 shares of the stock were exchanged, compared to its average volume of 2,601,260. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $141.53. The company has a 50 day simple moving average of $126.56 and a 200-day simple moving average of $111.26. The stock has a market capitalization of $62.48 billion, a P/E ratio of 207.51, a P/E/G ratio of 6.00 and a beta of 1.45.

Insider Activity

In other news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value 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 trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,528 shares of company stock valued at $14,571,290 in the last ninety days. 9.72% of the stock is currently owned by company insiders.

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.