Tradition Wealth Management LLC Acquires New Shares in The Trade Desk, Inc. (NASDAQ:TTD)

Tradition Wealth Management LLC acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,980 shares of the technology company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTD. Venture Visionary Partners LLC boosted its holdings in shares of Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after buying an additional 4,296 shares during the period. Ithaka Group LLC boosted its stake in Trade Desk by 4.5% in the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after purchasing an additional 4,836 shares during the period. Assetmark Inc. boosted its stake in Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after purchasing an additional 70,687 shares during the period. Swiss National Bank increased its holdings in Trade Desk by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after purchasing an additional 4,500 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Trade Desk by 3.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock valued at $231,294,000 after purchasing an additional 68,206 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Trading Up 5.1 %

Shares of NASDAQ TTD opened at $135.16 on Tuesday. The firm has a market cap of $66.71 billion, a P/E ratio of 221.57, a price-to-earnings-growth ratio of 5.83 and a beta of 1.43. The business’s 50 day moving average is $119.99 and its 200-day moving average is $105.70. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $136.14.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now owns 28,636 shares of the company’s stock, valued at $3,375,898.04. This represents a 4.52 % 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, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the transaction, the chief executive officer now owns 565,180 shares in the company, valued at approximately $61,423,762.40. This trade represents a 26.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,938 shares of company stock valued at $125,534,054 in the last ninety days. 9.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TTD. Macquarie increased their price objective on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price target (up from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Benchmark reissued a “sell” rating and issued a $57.00 price objective on shares of Trade Desk in a research report on Friday, November 8th. KeyCorp raised their target price on shares of Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus boosted their price target on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.66.

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.