Erste Asset Management GmbH Purchases New Shares in The Trade Desk, Inc. (NASDAQ:TTD)

Erste Asset Management GmbH purchased a new position in The Trade Desk, Inc. (NASDAQ:TTD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 175,000 shares of the technology company’s stock, valued at approximately $19,189,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Tradition Wealth Management LLC purchased a new position in shares of Trade Desk during the third quarter valued at approximately $217,000. Encompass More Asset Management lifted its stake in shares of Trade Desk by 9.3% during the 3rd quarter. Encompass More Asset Management now owns 2,644 shares of the technology company’s stock worth $290,000 after acquiring an additional 224 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in Trade Desk by 58.5% during the 3rd quarter. Edgestream Partners L.P. now owns 13,686 shares of the technology company’s stock valued at $1,501,000 after acquiring an additional 5,050 shares during the period. L.M. Kohn & Company grew its position in Trade Desk by 41.6% in the 3rd quarter. L.M. Kohn & Company now owns 4,191 shares of the technology company’s stock valued at $460,000 after acquiring an additional 1,231 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Trade Desk by 71.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 93,442 shares of the technology company’s stock worth $10,246,000 after purchasing an additional 38,997 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Price Performance

Shares of TTD stock opened at $128.55 on Monday. The stock’s fifty day moving average price is $119.46 and its 200 day moving average price is $105.30. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65. The company has a market cap of $63.45 billion, a price-to-earnings ratio of 210.74, a price-to-earnings-growth ratio of 5.83 and a beta of 1.47.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the completion of the transaction, the chief executive officer now owns 565,180 shares in the company, valued at $61,423,762.40. This trade represents a 26.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now owns 29,991 shares in the company, valued at approximately $3,269,019. The trade was a 4.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TTD shares. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 target price on shares of Trade Desk in a research note on Monday, October 7th. Wedbush boosted their price objective on shares of Trade Desk from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wells Fargo & Company initiated coverage on shares of Trade Desk in a research note on Monday, October 28th. They issued an “overweight” rating and a $150.00 target price on the stock. Evercore ISI lifted their price target on shares of Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Needham & Company LLC increased their price objective 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.66.

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.