The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by AIA Group Ltd

AIA Group Ltd lowered its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 0.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,711 shares of the technology company’s stock after selling 313 shares during the period. AIA Group Ltd’s holdings in Trade Desk were worth $4,513,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Trade Desk by 58.2% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 949 shares of the technology company’s stock valued at $68,000 after purchasing an additional 349 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Trade Desk by 0.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 51,663 shares of the technology company’s stock valued at $3,717,000 after purchasing an additional 473 shares in the last quarter. Key Financial Inc grew its holdings in shares of Trade Desk by 2,900.0% in the fourth quarter. Key Financial Inc now owns 1,200 shares of the technology company’s stock valued at $86,000 after purchasing an additional 1,160 shares in the last quarter. Rakuten Securities Inc. acquired a new position in shares of Trade Desk in the fourth quarter valued at approximately $63,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Trade Desk by 1.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,720 shares of the technology company’s stock valued at $5,809,000 after purchasing an additional 1,221 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TTD. Benchmark lifted their price objective on shares of Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a report on Friday, February 16th. Piper Sandler boosted their price target on shares of Trade Desk from $80.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. BTIG Research boosted their price target on shares of Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Susquehanna boosted their price target on shares of Trade Desk from $75.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, February 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Trade Desk in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 2,136 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 value of $191,236.08. Following the sale, the insider now directly owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Trade Desk news, CFO Laura Schenkein sold 3,391 shares of the company’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 $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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the transaction, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 492,170 shares of company stock valued at $41,250,398. Insiders own 10.81% of the company’s stock.

Trade Desk Trading Up 0.5 %

Shares of NASDAQ:TTD traded up $0.39 on Thursday, reaching $80.52. 1,200,568 shares of the company were exchanged, compared to its average volume of 4,563,627. The Trade Desk, Inc. has a 1-year low of $59.36 and a 1-year high of $94.00. The firm has a market cap of $39.37 billion, a price-to-earnings ratio of 226.01, a price-to-earnings-growth ratio of 4.53 and a beta of 1.50. The company has a 50-day moving average of $82.64 and a 200-day moving average of $75.63.

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