Nissay Asset Management Corp Japan ADV Buys 5,648 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Nissay Asset Management Corp Japan ADV grew its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,160 shares of the technology company's stock after acquiring an additional 5,648 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Trade Desk were worth $12,158,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TTD. NorthRock Partners LLC purchased a new stake in shares of Trade Desk during the 4th quarter worth about $466,000. Nuveen Asset Management LLC lifted its position in shares of Trade Desk by 22.6% during the 4th quarter. Nuveen Asset Management LLC now owns 2,844,036 shares of the technology company's stock worth $334,260,000 after purchasing an additional 523,627 shares during the last quarter. Ogborne Capital Management LLC raised its stake in Trade Desk by 1.9% during the 4th quarter. Ogborne Capital Management LLC now owns 254,800 shares of the technology company's stock worth $29,947,000 after acquiring an additional 4,800 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Trade Desk by 6.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 475,813 shares of the technology company's stock worth $55,931,000 after acquiring an additional 27,943 shares in the last quarter. Finally, MJP Associates Inc. ADV acquired a new position in Trade Desk in the fourth quarter valued at $299,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Activity

In other Trade Desk news, Director David B. Wells sold 28,638 shares of the stock in a transaction dated 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 sale, the director now owns 66,985 shares of the company's stock, valued at $5,350,761.80. This represents a 29.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the completion of the sale, the chief executive officer now owns 17,018 shares in the company, valued at $1,361,950.54. This represents 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.

Analysts Set New Price Targets

TTD has been the topic of several research reports. JMP Securities lowered their price target on shares of Trade Desk from $115.00 to $100.00 and set a "market outperform" rating on the stock in a research report on Friday, May 9th. Wedbush reaffirmed 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. Citigroup increased their price objective on shares of Trade Desk from $63.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Jefferies Financial Group set a $125.00 price objective on shares of Trade Desk and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, UBS Group cut their price objective on shares of Trade Desk from $116.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat, Trade Desk currently has an average rating of "Moderate Buy" and a consensus price target of $97.12.

Trade Desk Stock Performance

Shares of Trade Desk stock traded up $0.37 during trading on Monday, hitting $76.68. 1,798,629 shares of the stock were exchanged, compared to its average volume of 5,927,694. The stock's fifty day moving average is $56.12 and its 200 day moving average is $93.51. The stock has a market cap of $38.04 billion, a PE ratio of 98.35, a P/E/G ratio of 3.11 and a beta of 1.29. The Trade Desk, Inc. has a 12 month low of $42.96 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The business had revenue of $616.02 million during the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The firm's revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. Sell-side analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

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.