AIA Group Ltd Acquires 5,449 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

AIA Group Ltd increased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 12.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,305 shares of the technology company’s stock after purchasing an additional 5,449 shares during the period. AIA Group Ltd’s holdings in Trade Desk were worth $5,516,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in Trade Desk during the second quarter valued at approximately $30,000. EdgeRock Capital LLC bought a new stake in shares of Trade Desk during the 2nd quarter worth $37,000. Quarry LP bought a new stake in shares of Trade Desk during the 2nd quarter worth $41,000. Brown Lisle Cummings Inc. grew its stake in Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after acquiring an additional 247 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. BTIG Research raised their target price on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a report on Monday, October 7th. Oppenheimer raised their price objective on shares of Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Benchmark upped their target price on shares of Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.97.

Trade Desk Trading Up 6.2 %

Shares of TTD stock opened at $132.53 on Friday. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $132.65. The firm’s 50 day moving average is $112.41 and its 200-day moving average is $100.68. The firm has a market capitalization of $65.15 billion, a price-to-earnings ratio of 265.06, a PEG ratio of 6.00 and a beta of 1.47.

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

Insider Activity

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the transaction, the director now directly owns 3,516 shares in the company, valued at approximately $351,846.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the completion of the sale, the director now owns 29,991 shares in the company, valued at approximately $3,269,019. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrea Lee Cunningham sold 1,606 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the transaction, the director now directly owns 3,516 shares in the company, valued at $351,846.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,897 shares of company stock valued at $170,121,565 over the last 90 days. 9.72% of the stock is owned by company insiders.

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.