Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 689.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,235 shares of the technology company’s stock after buying an additional 287,516 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.07% of Trade Desk worth $36,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC raised its stake in shares of Trade Desk by 1.4% during the 1st quarter. Lazard Asset Management LLC now owns 12,755 shares of the technology company’s stock worth $1,114,000 after buying an additional 171 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Trade Desk during the 1st quarter worth about $231,000. iA Global Asset Management Inc. grew its holdings in shares of Trade Desk by 4.2% during the 1st quarter. iA Global Asset Management Inc. now owns 41,814 shares of the technology company’s stock worth $3,655,000 after purchasing an additional 1,679 shares during the period. LRI Investments LLC acquired a new position in Trade Desk during the 1st quarter worth approximately $261,000. Finally, Swedbank AB acquired a new position in Trade Desk during the 1st quarter worth approximately $15,999,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stifel Nicolaus upped their target price on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Loop Capital increased their price target on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Susquehanna reissued a “positive” rating and issued a $150.00 price target on shares of Trade Desk in a research note on Thursday, November 21st. Royal Bank of Canada increased their price target on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, UBS Group upped their price objective on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $124.66.

Trade Desk Price Performance

Trade Desk stock opened at $128.15 on Thursday. The business has a 50 day simple moving average of $118.32 and a 200 day simple moving average of $104.56. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65. The company has a market capitalization 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.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 20,579 shares of Trade Desk stock in a transaction on Monday, September 30th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the sale, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at approximately $80,102,994.79. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock valued at $125,534,054 in the last three months. Corporate insiders own 9.72% of the company’s stock.

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.