The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 35,100.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,056 shares of the technology company’s stock after buying an additional 1,053 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in Trade Desk were worth $124,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TTD. APG Asset Management N.V. raised its position in Trade Desk by 197.1% in the second quarter. APG Asset Management N.V. now owns 55,472 shares of the technology company’s stock worth $5,055,000 after acquiring an additional 36,800 shares in the last quarter. Daymark Wealth Partners LLC acquired a new position in shares of Trade Desk in the 2nd quarter worth approximately $213,000. MBB Public Markets I LLC bought a new stake in shares of Trade Desk in the 2nd quarter worth approximately $3,116,000. The Manufacturers Life Insurance Company lifted its stake in Trade Desk by 11.9% during the second quarter. The Manufacturers Life Insurance Company now owns 24,440 shares of the technology company’s stock valued at $2,387,000 after purchasing an additional 2,593 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its holdings in Trade Desk by 64.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 60,839 shares of the technology company’s stock worth $5,942,000 after buying an additional 23,739 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 549,684 shares of company stock valued at $68,444,576. Corporate insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TTD. Robert W. Baird upped their price target on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wedbush boosted their target price on Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Evercore ISI increased their price target on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Loop Capital boosted their price objective on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company raised their target price 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. One investment 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 given a strong buy rating to the stock. According to MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.13.

Trade Desk Trading Up 0.7 %

Trade Desk stock opened at $119.96 on Monday. The Trade Desk, Inc. has a 1-year low of $66.56 and a 1-year high of $141.53. The firm’s fifty day simple moving average is $125.84 and its 200-day simple moving average is $113.66. The company has a market capitalization of $59.21 billion, a P/E ratio of 196.66, a P/E/G ratio of 3.82 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last posted 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 company had revenue of $628.02 million for the quarter, compared to the consensus estimate 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 earnings per share. On average, equities research analysts predict that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

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.