First Hawaiian Bank Raises Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

First Hawaiian Bank boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 43.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,955 shares of the technology company's stock after purchasing an additional 10,225 shares during the period. First Hawaiian Bank's holdings in Trade Desk were worth $3,991,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TTD. Private Advisor Group LLC increased its stake in shares of Trade Desk by 39.6% in the second quarter. Private Advisor Group LLC now owns 32,862 shares of the technology company's stock worth $3,210,000 after purchasing an additional 9,323 shares in the last quarter. Candriam S.C.A. raised its holdings in Trade Desk by 5.3% during the second quarter. Candriam S.C.A. now owns 22,983 shares of the technology company's stock valued at $2,245,000 after acquiring an additional 1,165 shares during the period. Lake Street Advisors Group LLC bought a new stake in Trade Desk during the second quarter valued at about $282,000. Asset Dedication LLC lifted its position in shares of Trade Desk by 1,470.0% in the second quarter. Asset Dedication LLC now owns 1,570 shares of the technology company's stock valued at $153,000 after acquiring an additional 1,470 shares in the last quarter. Finally, Caprock Group LLC boosted its stake in shares of Trade Desk by 47.5% in the second quarter. Caprock Group LLC now owns 12,751 shares of the technology company's stock worth $1,245,000 after acquiring an additional 4,109 shares during the period. Institutional investors own 67.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. New Street Research raised Trade Desk from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $85.00 to $115.00 in a report on Monday, November 25th. Moffett Nathanson assumed coverage on shares of Trade Desk in a research report on Monday, September 23rd. They set a "neutral" rating and a $100.00 target price for the company. Loop Capital lifted their price target on shares of Trade Desk from $120.00 to $145.00 and gave the company a "buy" rating in a report on Monday, November 11th. StockNews.com downgraded shares of Trade Desk from a "buy" rating to a "hold" rating in a report on Saturday, November 30th. Finally, UBS Group lifted their target price on Trade Desk from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $129.48.

Trade Desk Stock Up 0.1 %

Shares of NASDAQ TTD traded up $0.11 during trading hours on Wednesday, hitting $121.52. 2,833,387 shares of the stock were exchanged, compared to its average volume of 3,128,632. The company has a market cap of $59.98 billion, a PE ratio of 199.21, a PEG ratio of 6.00 and a beta of 1.45. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53. The firm has a fifty day moving average price of $126.70 and a 200-day moving average price of $111.70.

Insider Transactions at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on 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 completion of the sale, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the company's stock in a transaction 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 directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.72% of the company's stock.

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.