The Trade Desk, Inc. (NASDAQ:TTD) Position Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 0.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 257,474 shares of the technology company’s stock after purchasing an additional 1,255 shares during the quarter. Asset Management One Co. Ltd. owned 0.05% of Trade Desk worth $28,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TTD. Venture Visionary Partners LLC grew its holdings in shares of Trade Desk by 33.0% during the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after acquiring an additional 4,296 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Trade Desk by 16.3% during the 1st quarter. Sei Investments Co. now owns 246,188 shares of the technology company’s stock valued at $21,521,000 after buying an additional 34,520 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Trade Desk by 5.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company’s stock valued at $9,179,000 after buying an additional 5,148 shares in the last quarter. Blair William & Co. IL raised its position in Trade Desk by 61.2% during the first quarter. Blair William & Co. IL now owns 15,525 shares of the technology company’s stock valued at $1,357,000 after acquiring an additional 5,893 shares in the last quarter. Finally, Norden Group LLC acquired a new stake in Trade Desk in the first quarter valued at approximately $807,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the transaction, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at $68,897,150.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the sale, the chief executive officer now directly owns 664,261 shares in the company, valued at $68,897,150.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk 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 sale, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,557,897 shares of company stock valued at $170,121,565 in the last quarter. Company insiders own 9.72% of the company’s stock.

Trade Desk Stock Down 0.8 %

NASDAQ:TTD opened at $118.27 on Tuesday. The stock’s fifty day simple moving average is $110.78 and its 200-day simple moving average is $99.72. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $123.85. The firm has a market capitalization of $58.14 billion, a P/E ratio of 236.54, a P/E/G ratio of 5.73 and a beta of 1.47.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. During the same period in the prior year, the business posted $0.07 EPS. The company’s quarterly revenue was up 25.9% on a year-over-year basis. As a group, equities research analysts expect that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Loop Capital raised their price target on shares of Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 26th. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a research note on Monday, October 7th. Bank of America began coverage on shares of Trade Desk in a report on Wednesday, September 4th. They set a “buy” rating and a $135.00 price objective for the company. Robert W. Baird lifted their price objective on Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, Benchmark upped their price target on Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.60.

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.