Caisse DE Depot ET Placement DU Quebec Has $10.25 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 71.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,442 shares of the technology company’s stock after purchasing an additional 38,997 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Trade Desk were worth $10,246,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Edgewood Management LLC grew its stake in shares of Trade Desk by 133.3% during 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 purchasing an additional 5,675,571 shares during the last quarter. Jennison Associates LLC boosted its position in Trade Desk by 11.0% in 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 last quarter. Baillie Gifford & Co. boosted its position in Trade Desk by 4.7% in 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 during the last quarter. International Assets Investment Management LLC raised its position in shares of Trade Desk by 10,856.6% during the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock worth $172,460,000 after acquiring an additional 1,558,465 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Trade Desk by 100.2% during the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after acquiring an additional 872,555 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Monday, October 21st. The shares were 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 owns 28,636 shares of the company’s stock, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jay R. Grant sold 20,579 shares of the company’s stock in a transaction dated 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 directly owns 178,853 shares in the company, valued at approximately $19,432,378.45. The trade was a 10.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,128,938 shares of company stock worth $125,534,054 over the last ninety days. 9.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TTD. Bank of America started coverage on Trade Desk in a research report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective for the company. Royal Bank of Canada increased their price objective 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. Moffett Nathanson initiated coverage on shares of Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price for the company. Oppenheimer increased their price target on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average target price of $124.66.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $135.16 on Tuesday. The business has a 50-day moving average of $119.99 and a 200-day moving average of $105.70. The stock has a market capitalization of $66.71 billion, a price-to-earnings ratio of 221.57, a PEG ratio of 5.83 and a beta of 1.47. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $136.14.

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.