The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by TCW Group Inc.

TCW Group Inc. lowered its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 5.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,307,803 shares of the technology company’s stock after selling 80,541 shares during the period. Trade Desk accounts for approximately 1.3% of TCW Group Inc.’s holdings, making the stock its 19th biggest position. TCW Group Inc.’s holdings in Trade Desk were worth $143,401,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in Trade Desk during the 2nd quarter valued at $30,000. Avior Wealth Management LLC grew its holdings 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 valued at $40,000 after buying an additional 100 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares during the period. Brown Lisle Cummings Inc. increased its stake in Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the period. Finally, EdgeRock Capital LLC purchased a new position in shares of Trade Desk during the 2nd quarter valued at $37,000. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Down 1.6 %

TTD stock opened at $132.66 on Wednesday. The business’s 50-day simple moving average is $123.25 and its 200 day simple moving average is $107.47. The company has a market cap of $65.48 billion, a PE ratio of 217.48, a price-to-earnings-growth ratio of 6.30 and a beta of 1.43. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $141.53.

Insider Transactions at Trade Desk

In other news, insider Jay R. Grant sold 20,579 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $108.65, for a total value of $2,235,908.35. Following the sale, the insider now directly owns 178,853 shares in the company, valued at approximately $19,432,378.45. This represents a 10.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction, the director now owns 29,991 shares of the company’s stock, valued at $3,269,019. This trade represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,128,938 shares of company stock valued at $125,534,054. 9.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on TTD. Benchmark reiterated a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a research note on Monday, October 7th. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and raised their price objective for the company from $85.00 to $115.00 in a research report on Monday, November 25th. Finally, Wedbush boosted their target price on shares of 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, six have given a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.94.

Trade Desk Company 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.