The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd decreased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 60.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,689 shares of the technology company’s stock after selling 18,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Trade Desk were worth $1,282,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TTD. Edgewood Management LLC grew its holdings in shares of Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after purchasing an additional 5,675,571 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after purchasing an additional 2,013,047 shares during the period. Baillie Gifford & Co. boosted its position in shares of Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares during the period. International Assets Investment Management LLC increased its position in Trade Desk by 10,856.6% during the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock worth $172,460,000 after buying an additional 1,558,465 shares during the period. Finally, Marshall Wace LLP lifted its stake in Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after buying an additional 872,555 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the completion of the transaction, the chief executive officer now directly owns 565,180 shares of the company’s stock, valued at $61,423,762.40. The trade was a 26.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. This represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock worth $125,534,054 in the last three months. Corporate insiders own 9.72% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the topic of a number of recent research reports. Wells Fargo & Company assumed coverage on shares of Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 target price on the stock. Bank of America initiated coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective on the stock. Wedbush upped their target price on shares of Trade Desk from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Robert W. Baird raised their price target on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, KeyCorp upped their price objective on Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus target price of $124.66.

Trade Desk Stock Performance

Shares of TTD stock opened at $128.15 on Thursday. The stock has a market cap of $63.25 billion, a PE ratio of 210.08, a P/E/G ratio of 5.86 and a beta of 1.47. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $132.65. The stock has a fifty day moving average price of $118.32 and a 200 day moving average price of $104.56.

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.