OneDigital Investment Advisors LLC Increases Stake in The Trade Desk, Inc. (NASDAQ:TTD)

OneDigital Investment Advisors LLC raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 7.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,737 shares of the technology company’s stock after acquiring an additional 513 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Trade Desk were worth $848,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TTD. Baillie Gifford & Co. boosted its holdings in Trade Desk by 4.7% in the third 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. 1832 Asset Management L.P. grew its position in shares of Trade Desk by 10.5% during the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock worth $278,623,000 after buying an additional 270,800 shares in the last quarter. Jericho Capital Asset Management L.P. increased its stake in shares of Trade Desk by 4.3% during the first quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock worth $211,500,000 after buying an additional 100,000 shares during the period. Marshall Wace LLP raised its holdings in 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 acquiring an additional 872,555 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Trade Desk by 12.3% in the second quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company’s stock worth $159,151,000 after acquiring an additional 177,832 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

TTD stock opened at $119.42 on Wednesday. The stock has a market capitalization of $58.94 billion, a PE ratio of 195.77, a price-to-earnings-growth ratio of 5.35 and a beta of 1.47. The company has a fifty day moving average of $116.00 and a 200-day moving average of $103.17. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction 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 transaction, 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 legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 135,922 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the sale, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. This trade represents a 16.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,548,289 shares of company stock valued at $169,165,185 over the last ninety days. Corporate insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on TTD shares. StockNews.com raised shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Robert W. Baird raised their price target on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Loop Capital lifted 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. Oppenheimer increased their price objective on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 price target (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.65.

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.