Great Valley Advisor Group Inc. Sells 210 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Great Valley Advisor Group Inc. lessened its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.0% in the third quarter, Holdings Channel.com reports. The fund owned 6,747 shares of the technology company’s stock after selling 210 shares during the period. Great Valley Advisor Group Inc.’s holdings in Trade Desk were worth $740,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lazard Asset Management LLC lifted its position in shares of Trade Desk by 1.4% in the 1st quarter. Lazard Asset Management LLC now owns 12,755 shares of the technology company’s stock worth $1,114,000 after purchasing an additional 171 shares during the period. SVB Wealth LLC purchased a new stake in Trade Desk in the first quarter worth about $231,000. Silvercrest Asset Management Group LLC boosted its position in Trade Desk by 7.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 51,086 shares of the technology company’s stock valued at $4,466,000 after acquiring an additional 3,532 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Trade Desk by 0.8% during the 1st quarter. California State Teachers Retirement System now owns 704,304 shares of the technology company’s stock worth $61,570,000 after acquiring an additional 5,870 shares during the period. Finally, Motley Fool Asset Management LLC raised its position in shares of Trade Desk by 11.8% in the 1st quarter. Motley Fool Asset Management LLC now owns 16,246 shares of the technology company’s stock worth $1,420,000 after acquiring an additional 1,721 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TTD. Oppenheimer upped their price target on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Macquarie upped their target price on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday. Piper Sandler reissued an “overweight” rating and set a $140.00 price target (up from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Stifel Nicolaus upped their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Benchmark reiterated a “sell” rating and set a $57.00 target price on shares of Trade Desk in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.66.

Trade Desk Stock Performance

Trade Desk stock opened at $129.35 on Tuesday. The stock has a market cap of $63.84 billion, a PE ratio of 212.05, a price-to-earnings-growth ratio of 5.88 and a beta of 1.47. The stock has a fifty day moving average of $117.38 and a 200 day moving average of $103.98. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65.

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the completion of the sale, the chief executive officer now owns 765,180 shares of the company’s stock, valued at approximately $83,764,254.60. The trade was a 20.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now 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 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 quarter. 9.72% of the stock is currently owned by insiders.

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.