Sunbelt Securities Inc. Has $1.67 Million Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Sunbelt Securities Inc. lowered its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,238 shares of the technology company’s stock after selling 513 shares during the period. Sunbelt Securities Inc.’s holdings in Trade Desk were worth $1,671,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTD. Toronto Dominion Bank boosted its stake in shares of Trade Desk by 27.2% during the third quarter. Toronto Dominion Bank now owns 57,391 shares of the technology company’s stock valued at $6,293,000 after purchasing an additional 12,279 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in Trade Desk by 74.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 9,707 shares of the technology company’s stock valued at $1,131,000 after buying an additional 4,138 shares during the last quarter. Synergy Financial Group LTD boosted its position in Trade Desk by 0.5% during the 3rd quarter. Synergy Financial Group LTD now owns 47,887 shares of the technology company’s stock worth $5,251,000 after buying an additional 235 shares during the period. Vestcor Inc grew its holdings in Trade Desk by 11.4% during the 3rd quarter. Vestcor Inc now owns 8,715 shares of the technology company’s stock worth $956,000 after acquiring an additional 894 shares during the last quarter. Finally, M&T Bank Corp increased its position in Trade Desk by 1.7% in the 3rd quarter. M&T Bank Corp now owns 30,958 shares of the technology company’s stock valued at $3,395,000 after acquiring an additional 520 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Up 1.1 %

Shares of TTD stock opened at $134.10 on Thursday. The firm has a fifty day simple moving average of $123.76 and a two-hundred day simple moving average of $107.66. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53. The firm has a market capitalization of $66.19 billion, a PE ratio of 219.84, a price-to-earnings-growth ratio of 6.30 and a beta of 1.43.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TTD shares. Susquehanna reiterated a “positive” rating and set a $150.00 price target on shares of Trade Desk in a report on Thursday, November 21st. Robert W. Baird lifted their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Moffett Nathanson initiated coverage on Trade Desk in a research note on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price target for the company. Bank of America assumed coverage on Trade Desk in a research note on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective on the stock. Finally, Oppenheimer increased their target price on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.94.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 200,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the completion of the sale, the chief executive officer now directly owns 565,180 shares of the company’s stock, valued at approximately $61,423,762.40. This represents a 26.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $2,885,750.00. Following the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at $80,102,994.79. This 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 worth $125,534,054 over the last three months. 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.