Asset Management One Co. Ltd. Acquires 67,520 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Asset Management One Co. Ltd. increased its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 287,352 shares of the technology company's stock after acquiring an additional 67,520 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of Trade Desk worth $21,078,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TTD. MetLife Investment Management LLC acquired a new stake in shares of Trade Desk in the 1st quarter worth about $1,946,000. Synovus Financial Corp increased its holdings in shares of Trade Desk by 32.8% in the 1st quarter. Synovus Financial Corp now owns 8,079 shares of the technology company's stock worth $561,000 after acquiring an additional 1,996 shares during the period. Vontobel Holding Ltd. grew its position in Trade Desk by 43.0% in the 1st quarter. Vontobel Holding Ltd. now owns 14,220 shares of the technology company's stock valued at $1,019,000 after buying an additional 4,276 shares in the last quarter. Aviva PLC grew its position in Trade Desk by 8.5% in the 1st quarter. Aviva PLC now owns 103,185 shares of the technology company's stock valued at $7,146,000 after buying an additional 8,059 shares in the last quarter. Finally, National Pension Service grew its position in Trade Desk by 11.2% in the 1st quarter. National Pension Service now owns 657,768 shares of the technology company's stock valued at $45,550,000 after buying an additional 66,179 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Transactions at Trade Desk

In other news, insider Samantha Jacobson sold 15,006 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now directly owns 52,387 shares of the company's stock, valued at $4,377,981.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Samantha Jacobson sold 15,006 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the transaction, the insider now owns 52,387 shares of the company's stock, valued at $4,377,981.59. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Laura Schenkein sold 3,391 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $303,596.23. Following the transaction, the chief financial officer now directly owns 653,366 shares in the company, valued at approximately $58,495,857.98. The disclosure for this sale can be found here. Insiders sold 492,569 shares of company stock valued at $41,213,950 over the last three months. 10.81% of the stock is owned by corporate insiders.

Trade Desk Trading Up 1.5 %

Shares of TTD traded up $1.27 during midday trading on Friday, hitting $85.83. The stock had a trading volume of 1,919,836 shares, compared to its average volume of 3,367,119. The Trade Desk, Inc. has a fifty-two week low of $57.17 and a fifty-two week high of $94.00. The business has a 50-day simple moving average of $80.14 and a two-hundred day simple moving average of $75.17. The firm has a market cap of $41.97 billion, a P/E ratio of 238.42, a price-to-earnings-growth ratio of 4.66 and a beta of 1.50.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). The firm had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. On average, analysts expect that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TTD has been the subject of a number of recent analyst reports. BMO Capital Markets increased their target price on shares of Trade Desk from $88.00 to $107.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. Seaport Res Ptn reiterated a "neutral" rating on shares of Trade Desk in a research report on Monday, February 12th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 target price on shares of Trade Desk in a research report on Thursday, March 21st. Truist Financial increased their target price on shares of Trade Desk from $80.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, February 16th. Finally, KeyCorp increased their target price on shares of Trade Desk from $84.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, Trade Desk has an average rating of "Moderate Buy" and an average target price of $89.75.

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.