The Trade Desk (NASDAQ:TTD) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 4.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 271,224 shares of the technology company's stock after buying an additional 12,206 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.05% of Trade Desk worth $14,841,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TTD. Investment Management Corp VA ADV acquired a new stake in Trade Desk in the fourth quarter valued at $25,000. Rialto Wealth Management LLC purchased a new position in shares of Trade Desk in the 4th quarter valued at $26,000. Zions Bancorporation N.A. raised its stake in Trade Desk by 148.3% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock worth $34,000 after acquiring an additional 175 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in Trade Desk during the 4th quarter worth $47,000. Finally, BNP Paribas purchased a new stake in Trade Desk in the fourth quarter valued at $50,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Trading Down 2.6%

Shares of TTD opened at $68.02 on Friday. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The firm has a market capitalization of $33.43 billion, a P/E ratio of 82.95, a PEG ratio of 3.20 and a beta of 1.41. The firm's 50-day moving average is $67.18 and its two-hundred day moving average is $82.84.

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

Wall Street Analyst Weigh In

TTD has been the topic of several research reports. Macquarie raised their price objective on Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Wedbush restated an "outperform" rating and set a $86.00 price target (up previously from $80.00) on shares of Trade Desk in a research note on Friday, May 9th. HSBC set a $75.00 price target on Trade Desk and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada decreased their price objective on Trade Desk from $100.00 to $85.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, DA Davidson lowered their target price on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $97.03.

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of the 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. This represents a 61.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Wells sold 28,638 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was 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 directly owns 66,985 shares of the company's stock, valued at approximately $5,350,761.80. This trade represents a 29.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.74% of the company's stock.

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.

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