Oddo BHF Asset Management Sas Takes Position in The Trade Desk, Inc. (NASDAQ:TTD)

Oddo BHF Asset Management Sas bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, HoldingsChannel reports. The institutional investor bought 103,017 shares of the technology company’s stock, valued at approximately $11,296,000.

A number of other large investors also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new position in shares of Trade Desk in the 2nd quarter valued at about $30,000. Avior Wealth Management LLC boosted its holdings in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares during the period. JFS Wealth Advisors LLC boosted its stake in Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $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 third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares during the period. Finally, EdgeRock Capital LLC acquired a new stake in shares of Trade Desk during the second quarter worth about $37,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Down 0.0 %

Shares of NASDAQ:TTD opened at $133.56 on Friday. The company has a 50 day moving average of $124.20 and a 200-day moving average of $107.84. The firm has a market cap of $65.92 billion, a P/E ratio of 218.97, a P/E/G ratio of 6.08 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 Activity

In related news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the sale, the director now directly owns 29,991 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $109.47, for a total value of $21,894,000.00. Following the completion of the sale, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. Insiders sold a total of 1,128,938 shares of company stock valued at $125,534,054 over the last three months. Insiders own 9.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TTD. New Street Research raised Trade Desk from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $85.00 to $115.00 in a research report on Monday, November 25th. Wells Fargo & Company started coverage on shares of Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 target price on the stock. BTIG Research boosted their target price on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. UBS Group upped their price target on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Macquarie boosted their price target on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average target price of $124.94.

Trade Desk 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.