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

Everence Capital Management Inc. acquired a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the fourth quarter, Holdings Channel reports. The fund acquired 11,300 shares of the technology company’s stock, valued at approximately $1,328,000.

Other hedge funds also recently added to or reduced their stakes in the company. Edgewood Management LLC lifted 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 purchasing an additional 5,675,571 shares during the last quarter. Jennison Associates LLC raised its stake in Trade Desk by 11.0% during the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after buying an additional 2,013,047 shares in the last quarter. Baillie Gifford & Co. lifted its holdings 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 buying an additional 1,720,650 shares during the last quarter. International Assets Investment Management LLC increased 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 valued at $172,460,000 after acquiring an additional 1,558,465 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Trade Desk by 100.2% during the 2nd 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. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $112.30, for a total value of $22,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 87,979 shares in the company, valued at $9,880,041.70. This trade represents a 69.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were 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 in the company, valued at $3,375,898.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 325,528 shares of company stock valued at $37,031,290 in the last three months. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Stock Performance

Trade Desk stock opened at $121.84 on Friday. The firm has a market cap of $60.14 billion, a price-to-earnings ratio of 199.74, a price-to-earnings-growth ratio of 6.00 and a beta of 1.43. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $141.53. The firm’s 50 day moving average price is $126.56 and its two-hundred day moving average price is $111.09.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of research reports. Needham & Company LLC lifted their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Wedbush reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Trade Desk in a research report on Thursday, December 19th. KeyCorp increased their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Citigroup upped their target price on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, BTIG Research raised their price target on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.14.

Trade Desk 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.