Tokio Marine Asset Management Co. Ltd. Acquires 763 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 7.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,164 shares of the technology company’s stock after buying an additional 763 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Trade Desk were worth $803,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TTD. 9258 Wealth Management LLC grew its holdings in Trade Desk by 2.2% during the 3rd quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock valued at $476,000 after purchasing an additional 131 shares during the last quarter. Latitude Advisors LLC grew its holdings in Trade Desk by 5.0% during the 3rd quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock valued at $220,000 after purchasing an additional 133 shares during the last quarter. Level Financial Advisors Inc. grew its holdings in Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Mutual Advisors LLC grew its holdings in Trade Desk by 3.6% during the 4th quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock valued at $324,000 after purchasing an additional 156 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in Trade Desk by 56.5% during the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after purchasing an additional 175 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TTD has been the topic of several analyst reports. Wells Fargo & Company upped their price target on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. KeyCorp upped their target price on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Oppenheimer upped their target price on shares of Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Trade Desk in a research report on Thursday, March 21st. Two 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.75.

Trade Desk Trading Up 1.7 %

Shares of Trade Desk stock opened at $84.73 on Friday. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $94.00. The firm has a market capitalization of $41.43 billion, a price-to-earnings ratio of 235.37, a PEG ratio of 4.59 and a beta of 1.50. The firm’s 50 day simple moving average is $83.55 and its two-hundred day simple moving average is $75.73.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data 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). The business had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. On average, sell-side analysts predict that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Insider Transactions at Trade Desk

In other news, Director Kathryn E. Falberg sold 103,030 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $81.90, for a total value of $8,438,157.00. Following the sale, the director now owns 242,609 shares in the company, valued at $19,869,677.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Kathryn E. Falberg sold 103,030 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $81.90, for a total value of $8,438,157.00. Following the sale, the director now owns 242,609 shares in the company, valued at $19,869,677.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the completion of the sale, the chief executive officer now owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The disclosure for this sale can be found here. Insiders have sold 492,170 shares of company stock worth $41,250,398 over the last 90 days. 10.18% of the stock is currently owned by company 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.