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

Tokio Marine Asset Management Co. Ltd. raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. bought a new position in shares of Trade Desk during the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new position in shares of Trade Desk during the third quarter worth approximately $26,000. Cullen Frost Bankers Inc. acquired a new stake in Trade Desk during the third quarter worth approximately $29,000. Level Financial Advisors Inc. grew its position in 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 buying an additional 150 shares in the last quarter. Finally, Ancora Advisors LLC grew its position in Trade Desk by 56.5% during the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock worth $38,000 after buying an additional 175 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 1.7 %

Shares of NASDAQ:TTD opened at $84.73 on Friday. The firm has a market cap of $41.43 billion, a P/E ratio of 235.37, a P/E/G ratio of 4.59 and a beta of 1.50. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $94.00. The business has a fifty day simple moving average of $83.55 and a 200 day simple moving average of $75.73.

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

Insider Transactions at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey Terry Green sold 2,600 shares of Trade Desk stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $86.41, for a total transaction of $224,666.00. Following the transaction, the chief executive officer now directly owns 974,022 shares in the company, valued at approximately $84,165,241.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 492,170 shares of company stock valued at $41,250,398. Corporate insiders own 10.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Stephens reissued an “overweight” rating and set a $85.00 price target on shares of Trade Desk in a research report on Friday, February 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Trade Desk in a report on Thursday, March 21st. BMO Capital Markets raised their target price on Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Wells Fargo & Company raised their target price on Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Finally, Royal Bank of Canada raised their target price on Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Two 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.75.

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.