Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Mirae Asset Global Investments Co. Ltd. increased its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 621,489 shares of the technology company's stock after acquiring an additional 42,433 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.13% of Trade Desk worth $44,722,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. AE Wealth Management LLC grew its position in shares of Trade Desk by 0.5% during the 3rd quarter. AE Wealth Management LLC now owns 85,055 shares of the technology company's stock valued at $6,647,000 after acquiring an additional 403 shares during the period. California Public Employees Retirement System grew its holdings in Trade Desk by 1.4% during the third quarter. California Public Employees Retirement System now owns 808,509 shares of the technology company's stock valued at $63,185,000 after purchasing an additional 11,356 shares during the period. Nordea Investment Management AB grew its holdings in Trade Desk by 31.7% during the fourth quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company's stock valued at $44,226,000 after purchasing an additional 147,717 shares during the period. Raymond James & Associates increased its position in Trade Desk by 12.8% in the fourth quarter. Raymond James & Associates now owns 252,370 shares of the technology company's stock worth $18,161,000 after buying an additional 28,714 shares in the last quarter. Finally, Riverbridge Partners LLC raised its stake in shares of Trade Desk by 14,112.7% in the third quarter. Riverbridge Partners LLC now owns 479,962 shares of the technology company's stock worth $37,509,000 after buying an additional 476,585 shares during the period. Institutional investors own 67.77% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on TTD shares. Susquehanna raised their price objective on shares of Trade Desk from $75.00 to $110.00 and gave the company a "positive" rating in a research report on Friday, February 16th. Needham & Company LLC reissued a "buy" rating and set a $100.00 price target on shares of Trade Desk in a report on Thursday, March 21st. BMO Capital Markets boosted their price objective on Trade Desk from $88.00 to $107.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. Truist Financial increased their target price on Trade Desk from $80.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. Finally, Stephens reissued an "overweight" rating and issued a $85.00 price target on shares of Trade Desk in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.75.

Trade Desk Trading Up 1.5 %

Shares of TTD traded up $1.27 during trading hours on Friday, reaching $85.83. 1,919,836 shares of the company traded hands, compared to its average volume of 3,367,119. The stock's fifty day moving average price is $80.14 and its 200 day moving average price is $75.15. The firm has a market cap of $41.97 billion, a price-to-earnings ratio of 238.42, a PEG ratio of 4.73 and a beta of 1.50. The Trade Desk, Inc. has a 12-month low of $57.17 and a 12-month high of $94.00.

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

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 2,136 shares of Trade Desk 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 $191,236.08. Following the transaction, the insider now directly owns 139,794 shares of the company's stock, valued at $12,515,756.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the business's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now directly owns 139,794 shares in the company, valued at $12,515,756.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Laura Schenkein sold 3,391 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $303,596.23. Following the sale, the chief financial officer now directly owns 653,366 shares of the company's stock, valued at $58,495,857.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 492,569 shares of company stock valued at $41,213,950. Company insiders own 10.81% of the company's stock.

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.