The Trade Desk, Inc. (NASDAQ:TTD) Stock Position Boosted by Empower Advisory Group LLC

Empower Advisory Group LLC boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 91.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,454 shares of the technology company’s stock after buying an additional 5,942 shares during the period. Empower Advisory Group LLC’s holdings in Trade Desk were worth $1,366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Baillie Gifford & Co. boosted its position in shares of Trade Desk by 4.7% during the 3rd 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 in the last quarter. 1832 Asset Management L.P. lifted its stake in Trade Desk by 10.5% during the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after buying an additional 270,800 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its holdings in shares of Trade Desk by 4.3% in the first quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock worth $211,500,000 after buying an additional 100,000 shares during the period. Marshall Wace LLP boosted its holdings in shares of Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after buying an additional 872,555 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Trade Desk by 12.3% in the second quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company’s stock worth $159,151,000 after buying an additional 177,832 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling

In related news, CFO Laura Schenkein sold 3,130 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the transaction, the chief financial officer now owns 693,953 shares of the company’s stock, valued at approximately $68,930,351.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Trade Desk news, CFO Laura Schenkein sold 3,130 shares of Trade Desk stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the sale, the chief financial officer now owns 693,953 shares in the company, valued at $68,930,351.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Monday, October 21st. The stock was 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 $3,375,898.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,556,291 shares of company stock valued at $169,960,852. 9.72% of the stock is owned by company insiders.

Trade Desk Stock Down 3.0 %

NASDAQ:TTD opened at $127.25 on Thursday. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $132.65. The company’s 50 day moving average is $114.45 and its 200-day moving average is $102.09. The firm has a market cap of $62.55 billion, a price-to-earnings ratio of 208.61, a P/E/G ratio of 6.25 and a beta of 1.47.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TTD. Wedbush raised their target price on shares of Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Truist Financial raised their target price on shares of Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Loop Capital raised their target price on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday. Moffett Nathanson began coverage on shares of Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 price target for the company. Finally, Wells Fargo & Company began coverage on shares of Trade Desk in a report on Monday, October 28th. They set an “overweight” rating and a $150.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and an average target price of $122.65.

About Trade Desk

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.