Advisors Asset Management Inc. Lowers Position in The Trade Desk, Inc. (NASDAQ:TTD)

Advisors Asset Management Inc. trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 44.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 709 shares of the technology company’s stock after selling 566 shares during the period. Advisors Asset Management Inc.’s holdings in Trade Desk were worth $78,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. CAP Partners LLC raised its position in shares of Trade Desk by 1.4% during the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after buying an additional 86 shares in the last quarter. Allworth Financial LP raised its position in Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after purchasing an additional 97 shares in the last quarter. Apella Capital LLC lifted its stake in Trade Desk by 1.9% during the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after purchasing an additional 100 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Finally, HM Payson & Co. boosted its holdings in shares of Trade Desk by 1.0% in the 3rd quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock worth $1,083,000 after purchasing an additional 102 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. 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. Bank of America began coverage on shares of Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective for the company. Citigroup increased their target price on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Loop Capital boosted their price target on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price objective (up from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. One equities research 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.66.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the transaction, the director now owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. This trade represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 20,579 shares of the business’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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,128,938 shares of company stock valued at $125,534,054. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of TTD opened at $128.55 on Friday. The company has a 50-day simple moving average of $119.46 and a two-hundred day simple moving average of $105.17. The firm has a market capitalization of $63.45 billion, a PE ratio of 210.74, a price-to-earnings-growth ratio of 5.81 and a beta of 1.47. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65.

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.