Rockefeller Capital Management L.P. Buys 2,516 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Rockefeller Capital Management L.P. lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,836 shares of the technology company’s stock after purchasing an additional 2,516 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Trade Desk were worth $4,697,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hantz Financial Services Inc. raised its stake in shares of Trade Desk by 5.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 13,243 shares of the technology company’s stock valued at $1,452,000 after purchasing an additional 697 shares during the period. Vinva Investment Management Ltd raised its stake in shares of Trade Desk by 13.3% during the 3rd quarter. Vinva Investment Management Ltd now owns 20,823 shares of the technology company’s stock valued at $2,279,000 after purchasing an additional 2,444 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Trade Desk by 3.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock valued at $231,294,000 after purchasing an additional 68,206 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Trade Desk by 40.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 125,102 shares of the technology company’s stock valued at $13,717,000 after purchasing an additional 36,139 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Trade Desk by 689.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 329,235 shares of the technology company’s stock valued at $36,101,000 after purchasing an additional 287,516 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 80,649 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total value of $9,314,959.50. Following the completion of the transaction, the chief executive officer now owns 7,330 shares of the company’s stock, valued at approximately $846,615. This represents a 91.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred 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. This represents a 4.52 % decrease in their position. 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 90 days. Insiders own 9.72% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the subject of several recent analyst reports. Truist Financial boosted their target price on Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Susquehanna restated a “positive” rating and set a $150.00 target price on shares of Trade Desk in a research report on Thursday, November 21st. Benchmark restated a “sell” rating and set a $57.00 target price on shares of Trade Desk in a research report on Friday, November 8th. Macquarie boosted their target price on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Wedbush boosted their target price on Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.66.

Trade Desk Price Performance

TTD opened at $139.51 on Thursday. The business has a 50 day simple moving average of $121.14 and a two-hundred day simple moving average of $106.25. The firm has a market capitalization of $68.86 billion, a price-to-earnings ratio of 228.70, a PEG ratio of 6.13 and a beta of 1.43. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $141.53.

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.