Healthcare of Ontario Pension Plan Trust Fund Buys 287,516 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 689.2% in the third quarter, HoldingsChannel reports. The firm owned 329,235 shares of the technology company’s stock after acquiring an additional 287,516 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Trade Desk were worth $36,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TTD. Edgewood Management LLC grew its stake in Trade Desk by 133.3% in the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after acquiring an additional 5,675,571 shares during the period. Jennison Associates LLC grew its stake in Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after acquiring an additional 2,013,047 shares during the period. Baillie Gifford & Co. grew its stake in 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 acquiring an additional 1,720,650 shares during the period. International Assets Investment Management LLC grew its stake in Trade Desk by 10,856.6% in the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after acquiring an additional 1,558,465 shares during the period. Finally, Marshall Wace LLP grew its stake in Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after acquiring an additional 872,555 shares during the period. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on TTD shares. Piper Sandler reissued an “overweight” rating and issued a $140.00 target price (up from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Wells Fargo & Company initiated coverage on Trade Desk in a research report on Monday, October 28th. They set an “overweight” rating and a $150.00 price objective for the company. Stifel Nicolaus upped their price objective on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. UBS Group upped their price objective on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Macquarie upped their price objective on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.66.

Insiders Place Their Bets

In other Trade Desk news, insider Jay R. Grant sold 20,579 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the transaction, the insider now owns 178,853 shares in the company, valued at $19,432,378.45. This trade represents a 10.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,938 shares of company stock worth $125,534,054 in the last 90 days. Company insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Trade Desk stock opened at $128.15 on Thursday. The stock’s fifty day moving average price is $118.32 and its two-hundred day moving average price is $104.56. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65. The firm has a market cap of $63.25 billion, a PE ratio of 210.08, a price-to-earnings-growth ratio of 5.86 and a beta of 1.47.

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.