Trade Desk (NASDAQ:TTD) Upgraded at StockNews.com

StockNews.com upgraded shares of Trade Desk (NASDAQ:TTD) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

Several other research firms have also recently commented on TTD. Benchmark reiterated a “sell” rating and set a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. Robert W. Baird raised their price objective on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Susquehanna restated a “positive” rating and set a $150.00 price objective on shares of Trade Desk in a research note on Thursday. Oppenheimer raised their price objective on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC raised their price objective on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.66.

Trade Desk Trading Up 1.8 %

Trade Desk stock opened at $129.70 on Friday. The stock has a market cap of $64.02 billion, a P/E ratio of 212.62, a price-to-earnings-growth ratio of 5.88 and a beta of 1.47. The stock has a 50 day moving average of $117.38 and a 200-day moving average of $103.98. Trade Desk has a 52 week low of $61.47 and a 52 week high of $132.65.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was 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 owns 565,180 shares of the company’s stock, valued at $61,423,762.40. This trade represents a 26.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jay R. Grant sold 20,579 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the transaction, the insider now directly owns 178,853 shares of the company’s stock, valued at $19,432,378.45. This represents a 10.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock valued at $125,534,054 over the last 90 days. 9.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trade Desk

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. boosted its position in shares of Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares during the period. Jennison Associates LLC boosted its position in shares of Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after purchasing an additional 2,013,047 shares during the period. Edgewood Management LLC boosted its position in shares of Trade Desk by 133.3% in the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after purchasing an additional 5,675,571 shares during the period. 1832 Asset Management L.P. boosted its position in shares of Trade Desk by 10.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after purchasing an additional 270,800 shares during the period. Finally, FMR LLC boosted its position in Trade Desk by 1.3% during the 3rd quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock worth $286,867,000 after acquiring an additional 32,999 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

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.