Prime Capital Investment Advisors LLC Has $1.14 Million Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Prime Capital Investment Advisors LLC boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 7.4% during the third quarter, Holdings Channel reports. The institutional investor owned 10,367 shares of the technology company’s stock after buying an additional 718 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Trade Desk were worth $1,137,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TTD. Baillie Gifford & Co. grew its position in shares of 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 last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Trade Desk in the 3rd quarter valued at $271,000. Apollon Wealth Management LLC grew its holdings in Trade Desk by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 28,151 shares of the technology company’s stock valued at $3,087,000 after buying an additional 1,503 shares in the last quarter. TRU Independence Asset Management 2 LLC acquired a new stake in shares of Trade Desk during the third quarter worth $353,000. Finally, Peregrine Asset Advisers Inc. bought a new stake in shares of Trade Desk in the third quarter valued at about $3,800,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the sale, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. This trade represents a 42.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business’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 completion of the transaction, the director now directly owns 29,991 shares in the company, valued at approximately $3,269,019. This trade represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,548,289 shares of company stock worth $169,165,185 over the last three months. 9.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Macquarie raised their price target on shares of Trade Desk from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their price target on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Benchmark reissued a “sell” rating and set a $57.00 price target on shares of Trade Desk in a research report on Friday, November 8th. Needham & Company LLC lifted their price objective on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Evercore ISI raised Trade Desk to a “strong-buy” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and an average price target of $122.65.

Trade Desk Stock Performance

Trade Desk stock opened at $125.88 on Friday. The firm has a market cap of $61.88 billion, a price-to-earnings ratio of 206.36, a PEG ratio of 6.25 and a beta of 1.47. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $132.65. The firm has a 50 day moving average price of $114.89 and a two-hundred day moving average price of $102.26.

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.