Avior Wealth Management LLC Boosts Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Avior Wealth Management LLC increased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 37.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 365 shares of the technology company’s stock after acquiring an additional 100 shares during the period. Avior Wealth Management LLC’s holdings in Trade Desk were worth $40,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTD. PNC Financial Services Group Inc. increased its position in shares of Trade Desk by 13.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 81,279 shares of the technology company’s stock valued at $8,912,000 after purchasing an additional 9,435 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Trade Desk during the third quarter worth $1,508,000. Vance Wealth Inc. purchased a new position in Trade Desk in the third quarter valued at $219,000. Caprock Group LLC raised its stake in Trade Desk by 1.0% in the third quarter. Caprock Group LLC now owns 12,883 shares of the technology company’s stock valued at $1,413,000 after buying an additional 132 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its holdings in Trade Desk by 14.1% during the 3rd quarter. Pathstone Holdings LLC now owns 18,284 shares of the technology company’s stock worth $2,005,000 after buying an additional 2,263 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Down 0.3 %

Shares of TTD opened at $129.35 on Tuesday. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $132.65. The company has a 50-day simple moving average of $117.38 and a 200-day simple moving average of $103.98. The company has a market capitalization of $63.84 billion, a PE ratio of 212.05, a P/E/G ratio of 5.88 and a beta of 1.47.

Insiders Place Their Bets

In other Trade Desk news, insider Jay R. Grant sold 20,579 shares of the company’s stock in a transaction 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 owns 178,853 shares of the company’s stock, valued at approximately $19,432,378.45. This represents a 10.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk 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 transaction, the chief executive officer now directly owns 565,180 shares of the company’s stock, valued at $61,423,762.40. This trade represents a 26.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,128,938 shares of company stock worth $125,534,054. 9.72% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group raised their target price on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Susquehanna reissued a “positive” rating and set a $150.00 price objective on shares of Trade Desk in a report on Thursday, November 21st. Bank of America started coverage on shares of Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 target price for the company. Wedbush increased their target price 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. Finally, New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and boosted their price target for the company from $85.00 to $115.00 in a research report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, the stock has an average 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.