The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1,809.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 444,616 shares of the technology company’s stock after purchasing an additional 421,333 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.09% of Trade Desk worth $48,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC grew its stake in Trade Desk by 2.8% during the 3rd quarter. Janus Henderson Group PLC now owns 264,567 shares of the technology company’s stock worth $29,009,000 after buying an additional 7,085 shares during the last quarter. Hilltop Holdings Inc. boosted its holdings in shares of Trade Desk by 112.1% in the third quarter. Hilltop Holdings Inc. now owns 5,286 shares of the technology company’s stock valued at $580,000 after acquiring an additional 2,794 shares during the period. Beacon Investment Advisory Services Inc. grew its position in shares of Trade Desk by 1.0% during the third quarter. Beacon Investment Advisory Services Inc. now owns 204,287 shares of the technology company’s stock worth $22,400,000 after acquiring an additional 2,080 shares during the last quarter. Benjamin Edwards Inc. raised its position in Trade Desk by 2,471.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 28,957 shares of the technology company’s stock valued at $3,175,000 after purchasing an additional 27,831 shares during the last quarter. Finally, Paloma Partners Management Co boosted its stake in Trade Desk by 202.2% during the 3rd quarter. Paloma Partners Management Co now owns 4,918 shares of the technology company’s stock worth $539,000 after purchasing an additional 9,728 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TTD. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday. KeyCorp upped their price objective on Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Evercore ISI lifted their target price on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Robert W. Baird boosted their target price on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Citigroup increased their price target on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.66.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $109.47, for a total value of $21,894,000.00. Following the completion of the transaction, the chief executive officer now owns 765,180 shares of the company’s stock, valued at $83,764,254.60. This trade represents a 20.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,128,938 shares of company stock worth $125,534,054. 9.72% of the stock is owned by insiders.

Trade Desk Price Performance

TTD stock opened at $139.16 on Wednesday. The company’s 50 day simple moving average is $120.56 and its 200-day simple moving average is $106.02. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $139.23. The firm has a market capitalization of $68.69 billion, a PE ratio of 228.13, a P/E/G ratio of 6.13 and a beta of 1.43.

About Trade Desk

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.