Toronto Dominion Bank Acquires 12,279 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Toronto Dominion Bank lifted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 27.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,391 shares of the technology company’s stock after buying an additional 12,279 shares during the period. Toronto Dominion Bank’s holdings in Trade Desk were worth $6,293,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TTD. Transcendent Capital Group LLC bought a new stake in Trade Desk in the second quarter worth $30,000. EdgeRock Capital LLC bought a new stake in shares of Trade Desk in the 2nd quarter worth about $37,000. Avior Wealth Management LLC boosted its stake in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the period. Quarry LP bought a new position in Trade Desk during the 2nd quarter valued at about $41,000. Finally, Brown Lisle Cummings Inc. raised its position in Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BTIG Research upped their target price on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Macquarie upped their price objective on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Oppenheimer lifted their target price on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. Finally, Citigroup lifted their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $124.94.

Trade Desk Trading Down 0.9 %

Trade Desk stock opened at $132.42 on Friday. The firm has a market cap of $65.36 billion, a PE ratio of 217.08, a P/E/G ratio of 6.00 and a beta of 1.43. The stock’s 50 day simple moving average is $124.59 and its two-hundred day simple moving average is $108.19. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53.

Insider Buying and Selling

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now directly owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. This trade represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at approximately $80,102,994.79. The trade was a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,128,938 shares of company stock valued at $125,534,054. Corporate 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.