The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,876 shares of the technology company’s stock after acquiring an additional 509 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Trade Desk were worth $1,412,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. 1832 Asset Management L.P. purchased a new stake in Trade Desk during the first quarter worth $225,710,000. Baillie Gifford & Co. boosted its stake in shares of Trade Desk by 4.7% during the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after acquiring an additional 1,720,650 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Trade Desk by 10,856.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after acquiring an additional 1,558,465 shares during the period. Marshall Wace LLP increased its stake in shares of Trade Desk by 100.2% in the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after purchasing an additional 872,555 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Trade Desk by 3,973.6% in the 2nd quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock valued at $43,836,000 after purchasing an additional 437,967 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Shares of TTD stock opened at $125.88 on Friday. The firm has a market cap of $61.88 billion, a P/E ratio of 206.36, a P/E/G ratio of 6.07 and a beta of 1.47. The firm’s 50 day moving average price is $114.89 and its 200-day moving average price is $102.26. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the transaction, the director now owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 80,649 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the sale, the chief executive officer now owns 7,330 shares in the company, valued at approximately $846,615. This trade represents a 91.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,548,289 shares of company stock worth $169,165,185 over the last ninety days. Corporate insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TTD. Robert W. Baird raised their price objective on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Stifel Nicolaus lifted their price target on shares of 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 upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Macquarie lifted their target price on shares of Trade Desk from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 target price on shares of Trade Desk in a research note on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.65.

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.