Nomura Asset Management Co. Ltd. Has $108.94 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Nomura Asset Management Co. Ltd. reduced its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 6.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 993,497 shares of the technology company's stock after selling 70,049 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.20% of Trade Desk worth $108,937,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TTD. Ithaka Group LLC lifted its holdings in shares of Trade Desk by 4.5% during the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company's stock worth $12,378,000 after acquiring an additional 4,836 shares during the period. Venture Visionary Partners LLC raised its position in Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company's stock valued at $1,898,000 after purchasing an additional 4,296 shares in the last quarter. Assetmark Inc. lifted its stake in Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company's stock worth $8,066,000 after purchasing an additional 70,687 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company's stock valued at $144,892,000 after purchasing an additional 4,500 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Trade Desk by 3.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company's stock valued at $231,294,000 after purchasing an additional 68,206 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TTD. StockNews.com downgraded Trade Desk from a "buy" rating to a "hold" rating in a research report on Saturday, November 30th. Wedbush increased their target price on shares of Trade Desk from $115.00 to $135.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Scotiabank assumed coverage on shares of Trade Desk in a report on Thursday. They set a "sector perform" rating and a $133.00 price target on the stock. Cantor Fitzgerald reiterated a "neutral" rating and set a $110.00 price objective on shares of Trade Desk in a research report on Monday, October 7th. Finally, Benchmark restated a "sell" rating and issued a $57.00 target price on shares of Trade Desk in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have issued a buy rating to the company's stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of "Moderate Buy" and an average target price of $124.94.

Trade Desk Trading Down 3.1 %

NASDAQ TTD traded down $4.38 during trading hours on Monday, hitting $134.73. 2,307,119 shares of the company's stock were exchanged, compared to its average volume of 3,834,921. The firm has a market cap of $66.50 billion, a price-to-earnings ratio of 228.05, a PEG ratio of 6.30 and a beta of 1.43. The stock has a 50-day simple moving average of $122.27 and a 200 day simple moving average of $106.91. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $141.53.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $109.47, for a total value of $21,894,000.00. Following the completion of the sale, the chief executive officer now owns 765,180 shares of the company's stock, valued at approximately $83,764,254.60. This trade represents a 20.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the company's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the transaction, the director now directly owns 29,991 shares in the company, valued at $3,269,019. The trade was a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,128,938 shares of company stock valued at $125,534,054 in the last quarter. 9.72% of the stock is currently owned by company insiders.

Trade Desk 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.