China Universal Asset Management Co. Ltd. Has $623,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

China Universal Asset Management Co. Ltd. boosted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 112.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,678 shares of the technology company’s stock after purchasing an additional 3,001 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Trade Desk were worth $623,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TTD. Brookstone Capital Management increased its holdings in Trade Desk by 33.6% in the 1st quarter. Brookstone Capital Management now owns 4,477 shares of the technology company’s stock worth $391,000 after purchasing an additional 1,126 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Trade Desk by 3.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,898,159 shares of the technology company’s stock valued at $165,937,000 after buying an additional 59,161 shares during the period. Norden Group LLC acquired a new stake in shares of Trade Desk in the first quarter valued at about $807,000. First Trust Direct Indexing L.P. increased its stake in shares of Trade Desk by 11.9% in the first quarter. First Trust Direct Indexing L.P. now owns 14,383 shares of the technology company’s stock valued at $1,257,000 after buying an additional 1,527 shares during the period. Finally, Maryland State Retirement & Pension System increased its stake in shares of Trade Desk by 2.8% in the first quarter. Maryland State Retirement & Pension System now owns 34,583 shares of the technology company’s stock valued at $2,779,000 after buying an additional 935 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Up 2.2 %

TTD stock opened at $121.62 on Wednesday. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $121.89. The stock’s 50 day moving average is $109.80 and its 200-day moving average is $98.89. The firm has a market capitalization of $59.49 billion, a PE ratio of 304.05, a P/E/G ratio of 5.75 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. During the same quarter last year, the company earned $0.07 earnings per share. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the sale, the director now directly owns 3,516 shares in the company, valued at approximately $351,846.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the sale, the director now directly owns 3,516 shares in the company, valued at approximately $351,846.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, the director now owns 28,636 shares in the company, valued at $3,375,898.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,557,897 shares of company stock worth $170,121,565. 10.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup increased their price target on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company started coverage on Trade Desk in a research note on Monday. They issued an “overweight” rating and a $150.00 price target for the company. Morgan Stanley raised their target price on Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada raised their target price on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $114.56.

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.