The Trade Desk (NASDAQ:TTD) Shares Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 420.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,465 shares of the technology company's stock after buying an additional 16,535 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Trade Desk were worth $1,120,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV purchased a new position in shares of Trade Desk in the fourth quarter worth about $25,000. Cloud Capital Management LLC purchased a new position in Trade Desk during the 1st quarter valued at about $27,000. von Borstel & Associates Inc. purchased a new position in Trade Desk during the 1st quarter valued at about $31,000. Zions Bancorporation N.A. increased its holdings in Trade Desk by 148.3% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock valued at $34,000 after purchasing an additional 175 shares during the period. Finally, Alpine Bank Wealth Management purchased a new position in Trade Desk during the 1st quarter valued at about $35,000. Institutional investors own 67.77% of the company's stock.

Analyst Ratings Changes

TTD has been the topic of a number of research analyst reports. Jefferies Financial Group set a $125.00 target price on Trade Desk and gave the stock a "buy" rating in a report on Tuesday, April 29th. Oppenheimer upped their target price on Trade Desk from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. DA Davidson reduced their target price on Trade Desk from $103.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Piper Sandler upped 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. Finally, Royal Bank Of Canada reduced their target price on Trade Desk from $100.00 to $85.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Eight investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $98.48.

Insider Transactions at Trade Desk

In other news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the completion of the sale, the director owned 66,985 shares of the company's stock, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 17,018 shares of the company's stock, valued at $1,361,950.54. This trade represents a 61.06% decrease in their position. The disclosure for this sale can be found here. 9.74% of the stock is owned by company insiders.

Trade Desk Stock Performance

Shares of TTD stock traded up $0.33 on Thursday, reaching $81.46. The stock had a trading volume of 16,587,190 shares, compared to its average volume of 6,711,857. The stock has a market cap of $40.03 billion, a P/E ratio of 99.41, a price-to-earnings-growth ratio of 3.69 and a beta of 1.36. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The company has a 50 day simple moving average of $73.35 and a 200 day simple moving average of $77.71.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The company had revenue of $616.02 million for the quarter, compared to analysts' expectations of $575.62 million. During the same period last year, the firm earned $0.26 EPS. Trade Desk's revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

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.