The Trade Desk, Inc. (NASDAQ:TTD) Holdings Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 8.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 121,609 shares of the technology company’s stock after purchasing an additional 9,973 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Trade Desk were worth $14,293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Trade Desk by 11.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,440 shares of the technology company’s stock valued at $2,387,000 after acquiring an additional 2,593 shares in the last quarter. Algert Global LLC grew its holdings in shares of Trade Desk by 22.5% during the 2nd quarter. Algert Global LLC now owns 4,893 shares of the technology company’s stock valued at $478,000 after acquiring an additional 900 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Trade Desk by 52.7% during the 2nd quarter. NewEdge Advisors LLC now owns 25,166 shares of the technology company’s stock valued at $2,458,000 after acquiring an additional 8,681 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Trade Desk by 19.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,481 shares of the technology company’s stock valued at $2,293,000 after acquiring an additional 3,791 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Trade Desk during the 2nd quarter valued at $41,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 553,982 shares of company stock valued at $68,954,147. 9.72% of the stock is currently owned by insiders.

Trade Desk Stock Down 0.2 %

NASDAQ TTD opened at $118.68 on Friday. The stock has a market cap of $58.58 billion, a P/E ratio of 194.56, a PEG ratio of 3.88 and a beta of 1.45. The company’s 50-day simple moving average is $125.48 and its 200 day simple moving average is $114.18. The Trade Desk, Inc. has a twelve month low of $66.56 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $628.02 million for the quarter, compared to the consensus estimate of $619.89 million. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. During the same period in the prior year, the company posted $0.08 earnings per share. Research analysts anticipate that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. KeyCorp boosted their price target on shares of Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Wells Fargo & Company upped their price objective on shares of Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. DA Davidson boosted their target price on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Robert W. Baird boosted their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Scotiabank began coverage on shares of Trade Desk in a research report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.13.

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.