The Trade Desk, Inc. (NASDAQ:TTD) Holdings Raised by Baillie Gifford & Co.

Baillie Gifford & Co. increased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,716,074 shares of the technology company’s stock after acquiring an additional 1,720,650 shares during the period. Trade Desk makes up about 3.2% of Baillie Gifford & Co.’s investment portfolio, making the stock its 7th biggest position. Baillie Gifford & Co. owned approximately 0.08% of Trade Desk worth $4,245,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC purchased a new stake in Trade Desk during the 2nd quarter worth about $30,000. JFS Wealth Advisors LLC raised its position in shares of Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after buying an additional 247 shares during the last quarter. Brown Lisle Cummings Inc. boosted its holdings in shares of Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in shares of Trade Desk in the second quarter valued at $37,000. Finally, Quarry LP purchased a new position in Trade Desk during the second quarter worth about $41,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In other news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the transaction, the director now owns 29,991 shares in the company, valued at approximately $3,269,019. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Samantha Jacobson sold 4,872 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the sale, the insider now directly owns 99,374 shares of the company’s stock, valued at $9,887,713. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the transaction, the director now directly owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,557,897 shares of company stock valued at $170,121,565. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of TTD opened at $129.34 on Tuesday. The firm’s 50 day simple moving average is $113.32 and its 200 day simple moving average is $101.59. The company has a market capitalization of $63.58 billion, a P/E ratio of 212.03, a P/E/G ratio of 6.02 and a beta of 1.47. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Susquehanna upped their price objective on shares of Trade Desk from $135.00 to $150.00 and gave the company a “positive” rating in a research note on Friday. Stifel Nicolaus upped their price target on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a research note on Monday, October 7th. Benchmark reaffirmed a “sell” rating and set a $57.00 price target on shares of Trade Desk in a research report on Friday. Finally, Needham & Company LLC increased their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Two 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 given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.