Quest Partners LLC Makes New $85,000 Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Quest Partners LLC purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 776 shares of the technology company’s stock, valued at approximately $85,000.

Several other hedge funds have also bought and sold shares of TTD. Baillie Gifford & Co. raised 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 buying an additional 1,720,650 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Trade Desk by 10,856.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after buying an additional 1,558,465 shares in the last quarter. Marshall Wace LLP raised its position in shares of Trade Desk by 100.2% during the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after buying an additional 872,555 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Trade Desk by 3,973.6% during the 2nd quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock valued at $43,836,000 after buying an additional 437,967 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its position in shares of Trade Desk by 7,746.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 283,970 shares of the technology company’s stock valued at $27,735,000 after buying an additional 280,351 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Activity

In related news, insider Jay R. Grant sold 20,579 shares of the 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 owns 178,853 shares of the company’s stock, valued at $19,432,378.45. This represents a 10.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at $80,102,994.79. The trade was a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Stock Performance

NASDAQ TTD opened at $128.55 on Friday. The firm’s 50 day moving average price is $119.08 and its 200-day moving average price is $104.88. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $132.65. The company has a market cap of $63.45 billion, a PE ratio of 210.74, a P/E/G ratio of 5.81 and a beta of 1.47.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. UBS Group upped their price target on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Susquehanna reiterated a “positive” rating and set a $150.00 price target on shares of Trade Desk in a report on Thursday, November 21st. Royal Bank of Canada upped their price target on shares of Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, Benchmark reiterated a “sell” rating and set a $57.00 price target on shares of Trade Desk in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.66.

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.