Trade Desk (NASDAQ:TTD) Given New $150.00 Price Target at Macquarie

Trade Desk (NASDAQ:TTD) had its price target lifted by Macquarie from $133.00 to $150.00 in a report published on Friday,Benzinga reports. Macquarie currently has an outperform rating on the technology company’s stock.

TTD has been the subject of several other reports. New Street Research cut shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price objective for the company. in a research report on Tuesday, October 29th. StockNews.com raised shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Benchmark reaffirmed a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a research report on Friday, November 8th. Stifel Nicolaus lifted their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, DA Davidson lifted their price target on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and an average target price of $123.66.

Trade Desk Stock Up 1.8 %

Shares of TTD stock opened at $129.70 on Friday. Trade Desk has a 52 week low of $61.47 and a 52 week high of $132.65. The stock has a market capitalization of $64.02 billion, a PE ratio of 212.62, a P/E/G ratio of 5.77 and a beta of 1.47. The firm has a 50 day moving average of $116.90 and a two-hundred day moving average of $103.48.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the sale, the chief executive officer now owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. The trade was a 42.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,412,367 shares of company stock worth $155,067,356 over the last ninety days. 9.72% of the stock is currently owned by company insiders.

Institutional Trading of Trade Desk

A number of institutional investors have recently added to or reduced their stakes in TTD. Edgewood Management LLC boosted its holdings in 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 buying an additional 5,675,571 shares in the last quarter. Jennison Associates LLC boosted its holdings 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 worth $2,228,172,000 after buying an additional 2,013,047 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Trade Desk by 4.7% during the third 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 in the last quarter. International Assets Investment Management LLC boosted its holdings in Trade Desk by 10,856.6% during the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock worth $172,460,000 after buying an additional 1,558,465 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Trade Desk by 100.2% during the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after buying an additional 872,555 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

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.