Encompass More Asset Management Boosts Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Encompass More Asset Management raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 9.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,644 shares of the technology company’s stock after purchasing an additional 224 shares during the quarter. Encompass More Asset Management’s holdings in Trade Desk were worth $290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTD. Edgewood Management LLC grew its stake in shares of Trade Desk by 133.3% in the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after buying an additional 5,675,571 shares in the last quarter. Jennison Associates LLC grew 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 in the last quarter. Baillie Gifford & Co. grew its stake in shares of Trade Desk by 4.7% in the third 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 grew its stake in shares of 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 buying an additional 1,558,465 shares in the last quarter. Finally, Marshall Wace LLP grew its stake 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 valued at $170,275,000 after buying an additional 872,555 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the subject of a number of research reports. Truist Financial lifted their price objective on Trade Desk from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Benchmark reissued a “sell” rating and set a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. Moffett Nathanson began coverage on Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price for the company. Loop Capital boosted their target price on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC boosted their target price on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.66.

Trade Desk Trading Up 0.3 %

NASDAQ TTD opened at $128.55 on Friday. The business’s 50 day moving average is $119.46 and its two-hundred day moving average is $105.17. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $132.65. The stock has a market capitalization of $63.45 billion, a price-to-earnings ratio of 210.74, a PEG ratio of 5.83 and a beta of 1.47.

Insiders Place Their Bets

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $109.47, for a total value of $21,894,000.00. Following the transaction, the chief executive officer now owns 765,180 shares in the company, valued at $83,764,254.60. The trade was a 20.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Company insiders own 9.72% of the company’s stock.

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.