11,300 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 11,300 shares of the technology company’s stock, valued at approximately $1,328,000.

A number of other large investors have also modified their holdings of TTD. Edgewood Management LLC lifted its stake in shares of Trade Desk by 133.3% in the third 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. Jennison Associates LLC lifted its position in shares of Trade Desk by 11.0% during 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 acquiring an additional 2,013,047 shares during the period. Baillie Gifford & Co. lifted its position in shares of Trade Desk by 4.7% during 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 acquiring an additional 1,720,650 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Trade Desk by 10,856.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock worth $172,460,000 after acquiring an additional 1,558,465 shares during the period. Finally, Marshall Wace LLP increased its stake in Trade Desk by 100.2% in the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after purchasing an additional 872,555 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wedbush reiterated an “outperform” rating and set a $135.00 target price on shares of Trade Desk in a research report on Thursday, December 19th. Susquehanna restated a “positive” rating and set a $150.00 target price on shares of Trade Desk in a report on Thursday, November 21st. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and upped their price target for the company from $85.00 to $115.00 in a report on Monday, November 25th. UBS Group raised their price objective 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, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $129.14.

Insiders Place Their Bets

In related news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 80,649 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the completion of the transaction, the chief executive officer now directly owns 7,330 shares of the company’s stock, valued at approximately $846,615. The trade was a 91.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 325,528 shares of company stock worth $37,031,290 over the last quarter. 9.72% of the stock is owned by corporate insiders.

Trade Desk Trading Up 3.5 %

NASDAQ:TTD opened at $121.84 on Friday. The firm’s fifty day simple moving average is $126.56 and its 200 day simple moving average is $111.09. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $141.53. The firm has a market capitalization of $60.14 billion, a price-to-earnings ratio of 199.74, a PEG ratio of 6.00 and a beta of 1.43.

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.