Brown Brothers Harriman & Co. Takes $51,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Brown Brothers Harriman & Co. purchased a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 468 shares of the technology company’s stock, valued at approximately $51,000.

Other institutional investors also recently added to or reduced their stakes in the company. Edgewood Management LLC grew its position in shares of Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after acquiring an additional 5,675,571 shares during the last quarter. Jennison Associates LLC boosted its stake in Trade Desk by 11.0% during the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after purchasing an additional 2,013,047 shares during the period. Baillie Gifford & Co. grew its position in Trade Desk by 4.7% during the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after purchasing an additional 1,720,650 shares during the last quarter. International Assets Investment Management LLC increased its stake in Trade Desk by 10,856.6% in the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after purchasing an additional 1,558,465 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after buying an additional 872,555 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Trading Down 0.6 %

NASDAQ:TTD opened at $128.15 on Friday. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $132.65. The company has a market capitalization of $63.25 billion, a P/E ratio of 210.08, a price-to-earnings-growth ratio of 5.86 and a beta of 1.47. The firm has a 50-day moving average price of $118.72 and a two-hundred day moving average price of $104.72.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TTD. Robert W. Baird raised their price target on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Susquehanna reiterated a “positive” rating and issued a $150.00 target price on shares of Trade Desk in a research note on Thursday, November 21st. StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Loop Capital increased their price target on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a research note on Monday, October 7th. One investment 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 stock. According to MarketBeat.com, the company 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, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the sale, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at $80,102,994.79. This trade represents a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $108.68, for a total transaction of $21,736,000.00. Following the completion of the transaction, the chief executive officer now directly owns 565,180 shares of the company’s stock, valued at approximately $61,423,762.40. This represents a 26.14 % 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 in the last ninety days. Corporate insiders own 9.72% of the company’s stock.

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.