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

AIA Group Ltd raised its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 12.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,305 shares of the technology company’s stock after buying an additional 5,449 shares during the period. AIA Group Ltd’s holdings in Trade Desk were worth $5,516,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Transcendent Capital Group LLC acquired a new stake in shares of Trade Desk in the second quarter valued at about $30,000. EdgeRock Capital LLC acquired a new stake in Trade Desk in the second quarter valued at approximately $37,000. Quarry LP purchased a new stake in shares of Trade Desk during the second quarter valued at approximately $41,000. Brown Lisle Cummings Inc. raised its stake in shares of Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares during the period. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $132.53 on Friday. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $132.65. The firm has a market cap of $65.15 billion, a P/E ratio of 265.06, a PEG ratio of 6.00 and a beta of 1.47. The stock has a fifty day moving average price of $112.41 and a two-hundred day moving average price of $100.68.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. During the same period in the previous year, the business earned $0.07 earnings per share. Trade Desk’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, research analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTD has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Robert W. Baird upped their target price on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday. New Street Research downgraded shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price target for the company. in a research report on Tuesday, October 29th. Royal Bank of Canada upped their price target on shares of Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, Macquarie raised their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.97.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the transaction, the director now owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,557,897 shares of company stock worth $170,121,565. 9.72% of the stock is owned by insiders.

About Trade Desk

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.