Achmea Investment Management B.V. Has $160,000 Stake in The Trade Desk (NASDAQ:TTD)

Achmea Investment Management B.V. decreased its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 77.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,917 shares of the technology company's stock after selling 9,774 shares during the quarter. Achmea Investment Management B.V.'s holdings in Trade Desk were worth $160,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Investment Management Corp VA ADV bought a new position in Trade Desk in the fourth quarter worth $25,000. Rialto Wealth Management LLC acquired a new stake in shares of Trade Desk during the 4th quarter valued at about $26,000. Zions Bancorporation N.A. raised its position in Trade Desk by 148.3% in the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock worth $34,000 after purchasing an additional 175 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in Trade Desk in the first quarter worth about $35,000. Finally, Pinnacle Bancorp Inc. lifted its stake in Trade Desk by 143.5% during the first quarter. Pinnacle Bancorp Inc. now owns 728 shares of the technology company's stock worth $40,000 after purchasing an additional 429 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Piper Sandler increased their target price on Trade Desk from $55.00 to $65.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Royal Bank Of Canada dropped their price objective on Trade Desk from $100.00 to $85.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Guggenheim reduced their target price on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. HSBC set a $75.00 target price on shares of Trade Desk and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, Oppenheimer boosted their price target on shares of Trade Desk from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $97.03.

Trade Desk Trading Up 1.9%

NASDAQ TTD opened at $69.33 on Monday. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The company has a market capitalization of $34.07 billion, a PE ratio of 84.55, a P/E/G ratio of 3.18 and a beta of 1.41. The stock has a 50-day simple moving average of $67.56 and a 200 day simple moving average of $81.69.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. The business had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. Trade Desk's revenue for the quarter was up 25.4% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. As a group, sell-side analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insider Transactions at Trade Desk

In other news, Director David B. Wells sold 28,638 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the transaction, the director now owns 66,985 shares in the company, valued at $5,350,761.80. This represents a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the sale, the chief executive officer now owns 17,018 shares in the company, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.74% of the company's stock.

Trade Desk Company 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.

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk (NASDAQ:TTD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.