Meiji Yasuda Asset Management Co Ltd. Decreases Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Meiji Yasuda Asset Management Co Ltd. lowered its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 2.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,140 shares of the technology company’s stock after selling 160 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Trade Desk were worth $600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TTD. Dimensional Fund Advisors LP raised its stake in Trade Desk by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 724,612 shares of the technology company’s stock worth $52,149,000 after acquiring an additional 35,164 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Trade Desk by 39.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,139 shares of the technology company’s stock worth $82,000 after purchasing an additional 322 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Trade Desk by 1.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 54,754 shares of the technology company’s stock valued at $3,940,000 after purchasing an additional 736 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in shares of Trade Desk in the 4th quarter valued at about $296,000. Finally, Clearbridge Investments LLC grew its stake in Trade Desk by 1,825.9% during the 4th quarter. Clearbridge Investments LLC now owns 400,794 shares of the technology company’s stock worth $28,841,000 after buying an additional 379,983 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 135,922 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the sale, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares of the company’s stock, valued at $68,897,150.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jay R. Grant sold 141,434 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the transaction, the insider now directly owns 188,236 shares in the company, valued at approximately $18,337,951.12. The disclosure for this sale can be found here. Insiders sold a total of 596,748 shares of company stock valued at $61,010,053 in the last ninety days. Corporate insiders own 10.18% of the company’s stock.

Trade Desk Stock Performance

TTD opened at $109.51 on Friday. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $111.80. The company has a market cap of $53.83 billion, a price-to-earnings ratio of 273.78, a PEG ratio of 5.07 and a beta of 1.48. The business’s fifty day moving average is $98.75 and its two-hundred day moving average is $92.92.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wedbush reiterated an “outperform” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Trade Desk in a research note on Thursday, September 12th. Oppenheimer raised their price target on Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Bank of America started coverage on Trade Desk in a research note on Wednesday, September 4th. They set a “buy” rating and a $135.00 price objective for the company. Cantor Fitzgerald initiated coverage on Trade Desk in a research note on Thursday, September 5th. They issued a “neutral” rating and a $110.00 target price on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $115.00 price target on shares of Trade Desk in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.05.

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.