California State Teachers Retirement System Has $11.61 Million Position in Trade Desk Inc (NASDAQ:TTD)

California State Teachers Retirement System raised its stake in Trade Desk Inc (NASDAQ:TTD) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,891 shares of the technology company’s stock after acquiring an additional 1,589 shares during the period. California State Teachers Retirement System owned approximately 0.14% of Trade Desk worth $11,608,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NEXT Financial Group Inc raised its position in Trade Desk by 349.3% during the second quarter. NEXT Financial Group Inc now owns 337 shares of the technology company’s stock valued at $77,000 after purchasing an additional 262 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Trade Desk by 27.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 10,233 shares of the technology company’s stock worth $2,330,000 after buying an additional 2,188 shares in the last quarter. World Asset Management Inc acquired a new position in shares of Trade Desk during the 2nd quarter worth $279,000. Ion Asset Management Ltd. bought a new stake in shares of Trade Desk during the 2nd quarter worth $803,000. Finally, Steward Partners Investment Advisory LLC bought a new position in Trade Desk in the second quarter valued at about $100,000. 66.48% of the stock is owned by hedge funds and other institutional investors.

NASDAQ TTD opened at $237.51 on Wednesday. The business’s 50-day moving average price is $218.99 and its two-hundred day moving average price is $226.84. Trade Desk Inc has a 12 month low of $102.35 and a 12 month high of $289.51. The firm has a market capitalization of $11.89 billion, a PE ratio of 123.70, a price-to-earnings-growth ratio of 4.81 and a beta of 2.79. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31.

TTD has been the subject of a number of research reports. Stephens started coverage on shares of Trade Desk in a report on Monday, November 4th. They issued an “overweight” rating and a $250.00 target price for the company. TheStreet upgraded shares of Trade Desk from a “c-” rating to a “b-” rating in a research report on Friday, September 20th. BidaskClub raised shares of Trade Desk from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Oppenheimer raised their target price on shares of Trade Desk from $210.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Raymond James cut shares of Trade Desk from an “outperform” rating to a “market perform” rating and set a $210.00 target price on the stock. in a research note on Friday, August 9th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $226.13.

In other news, insider Vivian Yang sold 1,263 shares of Trade Desk stock in a transaction on Monday, September 16th. The shares were sold at an average price of $204.21, for a total value of $257,917.23. Following the completion of the sale, the insider now owns 43,727 shares in the company, valued at approximately $8,929,490.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 5,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $207.14, for a total transaction of $1,035,700.00. Following the transaction, the chief executive officer now owns 98,392 shares in the company, valued at approximately $20,380,918.88. The disclosure for this sale can be found here. Insiders have sold 100,572 shares of company stock valued at $21,502,586 over the last 90 days. 17.44% of the stock is owned by corporate insiders.

About Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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