Raymond James Trust N.A. Buys 2,721 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Raymond James Trust N.A. increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 16.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 19,148 shares of the technology company’s stock after acquiring an additional 2,721 shares during the quarter. Raymond James Trust N.A.’s holdings in Trade Desk were worth $2,100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Edgewood Management LLC increased its position in Trade Desk by 133.3% in the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after purchasing an additional 5,675,571 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Trade Desk by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,779,650 shares of the technology company’s stock valued at $195,139,000 after purchasing an additional 41,025 shares during the period. Integrated Investment Consultants LLC bought a new position in shares of Trade Desk in the 3rd quarter valued at about $202,000. Intech Investment Management LLC boosted its stake in shares of Trade Desk by 1.3% in the 3rd quarter. Intech Investment Management LLC now owns 20,119 shares of the technology company’s stock valued at $2,206,000 after purchasing an additional 261 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of Trade Desk during the 3rd quarter worth approximately $257,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 29,991 shares in the company, valued at approximately $3,269,019. This trade represents a 4.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 283,429 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the transaction, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. This trade represents a 42.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,412,367 shares of company stock worth $155,067,356. Insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of TTD opened at $129.70 on Friday. The company has a market cap of $64.02 billion, a PE ratio of 212.62, a price-to-earnings-growth ratio of 5.77 and a beta of 1.47. The firm has a 50-day moving average of $117.38 and a 200-day moving average of $103.75. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65.

Analyst Ratings Changes

Several brokerages recently weighed in on TTD. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a report on Friday. Macquarie upped their price objective on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday. Piper Sandler restated an “overweight” rating and set a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. UBS Group boosted 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. Finally, Needham & Company LLC increased their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, three have given 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 an average price target of $123.66.

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.