The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,843,481 shares of the technology company’s stock after buying an additional 93,562 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.37% of Trade Desk worth $216,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TTD. GAMMA Investing LLC increased its position in Trade Desk by 16.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,117 shares of the technology company’s stock valued at $232,000 after buying an additional 293 shares in the last quarter. Atomi Financial Group Inc. grew its stake in Trade Desk by 22.2% during the 3rd quarter. Atomi Financial Group Inc. now owns 3,393 shares of the technology company’s stock valued at $372,000 after purchasing an additional 617 shares during the last quarter. Daymark Wealth Partners LLC grew its stake in Trade Desk by 32.6% during the 3rd quarter. Daymark Wealth Partners LLC now owns 2,895 shares of the technology company’s stock valued at $317,000 after purchasing an additional 711 shares during the last quarter. Wedmont Private Capital grew its stake in Trade Desk by 17.4% during the 3rd quarter. Wedmont Private Capital now owns 3,638 shares of the technology company’s stock valued at $407,000 after purchasing an additional 538 shares during the last quarter. Finally, Quotient Wealth Partners LLC grew its stake in Trade Desk by 6.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,253 shares of the technology company’s stock valued at $247,000 after purchasing an additional 146 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock worth $5,004,296 over the last quarter. 9.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on TTD shares. Stifel Nicolaus boosted their price target on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. DA Davidson boosted their price target on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Citizens Jmp upgraded Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Evercore ISI boosted their price target on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.13.

Trade Desk Price Performance

NASDAQ TTD opened at $117.29 on Friday. The company has a market cap of $57.89 billion, a PE ratio of 192.28, a price-to-earnings-growth ratio of 3.75 and a beta of 1.45. The stock’s 50 day simple moving average is $124.40 and its 200-day simple moving average is $114.68. The Trade Desk, Inc. has a 1-year low of $68.65 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same quarter last year, the business earned $0.08 EPS. On average, equities research analysts anticipate that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

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.