AIA Group Ltd Has $3.57 Million Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

AIA Group Ltd cut its position in The Trade Desk, Inc. (NASDAQ:TTD) by 34.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,809 shares of the technology company’s stock after selling 21,902 shares during the period. AIA Group Ltd’s holdings in Trade Desk were worth $3,568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TTD. Pinnacle Bancorp Inc. lifted its position in shares of Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after purchasing an additional 163 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Trade Desk during the first quarter worth approximately $27,000. Bogart Wealth LLC lifted its position in shares of Trade Desk by 194.7% during the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after purchasing an additional 222 shares in the last quarter. Level Financial Advisors Inc. lifted its position in shares of Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after purchasing an additional 150 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after buying an additional 418 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TTD shares. Piper Sandler restated an “overweight” rating and issued a $110.00 price objective on shares of Trade Desk in a report on Tuesday, June 11th. Wedbush initiated coverage on shares of Trade Desk in a research note on Monday, June 17th. They issued an “outperform” rating and a $110.00 target price for the company. Truist Financial reaffirmed a “buy” rating and issued a $105.00 target price on shares of Trade Desk in a research note on Thursday, May 16th. DA Davidson upped their target price on shares of Trade Desk from $95.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Royal Bank of Canada upped their target price on shares of Trade Desk from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $93.69.

Trade Desk Stock Performance

NASDAQ:TTD traded up $0.91 during mid-day trading on Friday, reaching $99.48. 3,159,384 shares of the company’s stock were exchanged, compared to its average volume of 4,152,989. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $102.67. The firm has a market capitalization of $48.66 billion, a PE ratio of 248.71, a price-to-earnings-growth ratio of 5.11 and a beta of 1.48. The business’s fifty day simple moving average is $95.28 and its two-hundred day simple moving average is $84.04.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. The firm had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. As a group, equities research analysts forecast that The Trade Desk, Inc. will post 0.85 EPS for the current year.

Insider Activity at Trade Desk

In related news, Director Gokul Rajaram sold 2,415 shares of Trade Desk stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $97.92, for a total transaction of $236,476.80. Following the sale, the director now directly owns 34,056 shares of the company’s stock, valued at approximately $3,334,763.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $97.42, for a total value of $13,778,500.28. Following the transaction, the insider now owns 188,236 shares in the company, valued at approximately $18,337,951.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 2,415 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $97.92, for a total transaction of $236,476.80. Following the completion of the transaction, the director now owns 34,056 shares in the company, valued at approximately $3,334,763.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 365,154 shares of company stock valued at $33,638,976. 10.18% of the stock is owned by insiders.

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.