Anchor Investment Management LLC Boosts Position in The Trade Desk, Inc. (NASDAQ:TTD)

Anchor Investment Management LLC lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 357.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 870 shares of the technology company’s stock after purchasing an additional 680 shares during the quarter. Anchor Investment Management LLC’s holdings in Trade Desk were worth $95,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Resource Group grew its stake in shares of Trade Desk by 1.0% in the 3rd quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock valued at $1,152,000 after buying an additional 101 shares during the period. Rehmann Capital Advisory Group acquired a new position in Trade Desk in the third quarter valued at approximately $208,000. Toronto Dominion Bank grew its position in Trade Desk by 27.2% in the third quarter. Toronto Dominion Bank now owns 57,391 shares of the technology company’s stock worth $6,293,000 after acquiring an additional 12,279 shares during the period. Coldstream Capital Management Inc. increased its stake in Trade Desk by 74.3% during the third quarter. Coldstream Capital Management Inc. now owns 9,707 shares of the technology company’s stock worth $1,131,000 after acquiring an additional 4,138 shares during the last quarter. Finally, Synergy Financial Group LTD raised its position in Trade Desk by 0.5% in the third quarter. Synergy Financial Group LTD now owns 47,887 shares of the technology company’s stock valued at $5,251,000 after purchasing an additional 235 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Robert W. Baird increased their price target on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Benchmark reiterated a “sell” rating and set a $57.00 price target on shares of Trade Desk in a research report on Friday, November 8th. Moffett Nathanson initiated coverage on shares of Trade Desk in a research note on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price target on the stock. Bank of America started coverage on shares of Trade Desk in a research report on Wednesday, September 4th. They set a “buy” rating and a $135.00 price objective for the company. Finally, Citigroup boosted their target price on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.94.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $132.42 on Friday. The stock’s 50-day simple moving average is $124.59 and its 200-day simple moving average is $108.10. The firm has a market capitalization of $65.36 billion, a PE ratio of 217.08, a price-to-earnings-growth ratio of 6.08 and a beta of 1.43. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $141.53.

Insider Transactions at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of Trade Desk 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 sale, the director now owns 29,991 shares in the company, valued at approximately $3,269,019. The trade was a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 20,579 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the completion of the sale, the insider now directly owns 178,853 shares of the company’s stock, valued at approximately $19,432,378.45. This trade represents a 10.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,128,938 shares of company stock worth $125,534,054. 9.72% of the stock is currently owned by insiders.

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.