Wilmington Savings Fund Society FSB Invests $1.19 Million in The Trade Desk, Inc. (NASDAQ:TTD)

Wilmington Savings Fund Society FSB acquired a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,889 shares of the technology company’s stock, valued at approximately $1,194,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC grew its stake in Trade Desk by 10.0% in the 3rd quarter. World Investment Advisors LLC now owns 8,849 shares of the technology company’s stock worth $970,000 after acquiring an additional 803 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Trade Desk by 9.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 47,165 shares of the technology company’s stock valued at $5,172,000 after acquiring an additional 4,018 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in shares of Trade Desk by 357.9% during the 3rd quarter. Anchor Investment Management LLC now owns 870 shares of the technology company’s stock worth $95,000 after acquiring an additional 680 shares during the period. Advisory Resource Group boosted its position in shares of Trade Desk by 1.0% in the third quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 101 shares during the last quarter. Finally, Rehmann Capital Advisory Group acquired a new position in Trade Desk during the third quarter worth approximately $208,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the subject of several research reports. UBS Group boosted their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Oppenheimer upped their price target on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Needham & Company LLC lifted their price target 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. Susquehanna reissued a “positive” rating and issued a $150.00 price objective on shares of Trade Desk in a research report on Thursday, November 21st. Finally, Loop Capital upped their price target on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.94.

Trade Desk Stock Down 0.9 %

Shares of NASDAQ TTD opened at $132.42 on Friday. The stock has a market capitalization of $65.36 billion, a P/E ratio of 217.08, a PEG ratio of 6.00 and a beta of 1.43. The stock’s 50 day moving average price is $124.59 and its two-hundred day moving average price is $108.19. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $141.53.

Insider Activity at Trade Desk

In related news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the completion of the sale, the chief financial officer now owns 693,953 shares of the company’s stock, valued at $80,102,994.79. This represents a 3.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the transaction, the director now directly owns 29,991 shares in the company, valued at $3,269,019. This represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,128,938 shares of company stock valued at $125,534,054. Corporate insiders own 9.72% of the company’s stock.

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.