The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,780 shares of the technology company’s stock after acquiring an additional 904 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Trade Desk were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TTD. Harbor Investment Advisory LLC boosted its holdings in Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in Trade Desk during the 4th quarter worth $34,000. Exchange Traded Concepts LLC purchased a new stake in Trade Desk in the fourth quarter valued at $35,000. Avior Wealth Management LLC grew its holdings in shares of Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the last quarter. Finally, Brown Lisle Cummings Inc. increased its position in shares of Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TTD shares. Loop Capital raised 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. UBS Group lifted their target price on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. KeyCorp raised their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Truist Financial upped their target price on shares of Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Wolfe Research raised their price target on Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

Insiders Place Their Bets

In other news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 512,953 shares of Trade Desk stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total value of $63,949,850.51. Following the completion of the transaction, the chief executive officer now directly owns 243,476 shares in the company, valued at $30,354,152.92. This represents a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 697,967 shares of company stock valued at $86,494,400 in the last quarter. 9.72% of the stock is currently owned by company insiders.

Trade Desk Stock Down 0.6 %

Shares of NASDAQ:TTD opened at $117.94 on Tuesday. The company has a market capitalization of $58.21 billion, a P/E ratio of 193.34, a P/E/G ratio of 3.75 and a beta of 1.45. The Trade Desk, Inc. has a 52-week low of $66.56 and a 52-week high of $141.53. The stock’s fifty day simple moving average is $125.25 and its 200-day simple moving average is $114.56.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The firm had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same quarter last year, the company posted $0.08 earnings per share. On average, sell-side analysts anticipate that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

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.