Advisors Asset Management Inc. Sells 566 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Advisors Asset Management Inc. cut its position in The Trade Desk, Inc. (NASDAQ:TTD) by 44.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 709 shares of the technology company’s stock after selling 566 shares during the quarter. Advisors Asset Management Inc.’s holdings in Trade Desk were worth $78,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTD. Kirtland Hills Capital Management LLC increased its holdings in Trade Desk by 6.3% in the third quarter. Kirtland Hills Capital Management LLC now owns 10,439 shares of the technology company’s stock valued at $1,145,000 after purchasing an additional 619 shares during the period. Jennison Associates LLC increased its stake in shares of Trade Desk by 11.0% in the third 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. Commerce Bank increased its stake in shares of Trade Desk by 1.4% in the third quarter. Commerce Bank now owns 56,158 shares of the technology company’s stock valued at $6,158,000 after buying an additional 798 shares during the period. Avior Wealth Management LLC raised its position in shares of Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Trade Desk by 13.1% in the third quarter. PNC Financial Services Group Inc. now owns 81,279 shares of the technology company’s stock worth $8,912,000 after acquiring an additional 9,435 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on TTD. Macquarie raised their price target on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Moffett Nathanson began coverage on shares of Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price for the company. Oppenheimer upped 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. Loop Capital lifted their price objective on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com lowered Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and an average target price of $124.66.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $108.68, for a total value of $21,736,000.00. Following the completion of the transaction, the chief executive officer now directly owns 565,180 shares of the company’s stock, valued at approximately $61,423,762.40. This trade represents a 26.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock valued at $125,534,054 in the last three months. Company insiders own 9.72% of the company’s stock.

Trade Desk Stock Performance

NASDAQ TTD opened at $128.55 on Friday. The company has a market capitalization of $63.45 billion, a PE ratio of 210.74, a price-to-earnings-growth ratio of 5.81 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 company has a 50-day simple moving average of $119.46 and a 200 day simple moving average of $105.17.

Trade Desk 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.