The Trade Desk, Inc. (NASDAQ:TTD) Holdings Boosted by BOCHK Asset Management Ltd

BOCHK Asset Management Ltd lifted its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 271.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,600 shares of the technology company's stock after acquiring an additional 85,200 shares during the quarter. Trade Desk accounts for approximately 4.2% of BOCHK Asset Management Ltd's investment portfolio, making the stock its 9th largest holding. BOCHK Asset Management Ltd's holdings in Trade Desk were worth $13,704,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC increased its holdings in shares of Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock valued at $34,000 after acquiring an additional 117 shares during the period. Exchange Traded Concepts LLC purchased a new position in Trade Desk in the fourth quarter valued at about $35,000. Avior Wealth Management LLC raised its holdings in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Quarry LP purchased a new stake in shares of Trade Desk during the second quarter valued at about $41,000. Finally, Brown Lisle Cummings Inc. boosted its holdings in shares of 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 in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Down 0.2 %

Shares of TTD stock traded down $0.26 during mid-day trading on Friday, hitting $118.68. 3,100,429 shares of the stock were exchanged, compared to its average volume of 3,142,282. The Trade Desk, Inc. has a 52-week low of $66.56 and a 52-week high of $141.53. The company has a market cap of $58.58 billion, a PE ratio of 194.56, a price-to-earnings-growth ratio of 3.88 and a beta of 1.45. The firm has a fifty day moving average of $125.48 and a 200 day moving average of $114.27.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). The business had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same period in the previous year, the business posted $0.08 earnings per share. Equities analysts predict that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TTD shares. Susquehanna reiterated a "positive" rating and set a $150.00 price objective on shares of Trade Desk in a research note on Thursday, November 21st. Wolfe Research upped their price target on Trade Desk from $140.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Citigroup raised their price objective on Trade Desk from $115.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Wells Fargo & Company upped their target price on Trade Desk from $141.00 to $142.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Finally, Truist Financial raised their price target on Trade Desk from $135.00 to $155.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $133.13.

Insiders Place Their Bets

In related news, insider Samantha Jacobson sold 4,298 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the firm's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 553,982 shares of company stock worth $68,954,147. Company insiders own 9.72% of the company's stock.

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.