OVERSEA CHINESE BANKING Corp Ltd Invests $271,000 in The Trade Desk, Inc. (NASDAQ:TTD)

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,471 shares of the technology company’s stock, valued at approximately $271,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Apollon Wealth Management LLC grew its stake in shares of Trade Desk by 5.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 28,151 shares of the technology company’s stock worth $3,087,000 after acquiring an additional 1,503 shares in the last quarter. TRU Independence Asset Management 2 LLC bought a new position in Trade Desk in the third quarter valued at $353,000. Peregrine Asset Advisers Inc. acquired a new stake in Trade Desk in the 3rd quarter valued at $3,800,000. Los Angeles Capital Management LLC lifted its position in Trade Desk by 54.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 532,487 shares of the technology company’s stock worth $58,387,000 after buying an additional 187,143 shares in the last quarter. Finally, Tyler Stone Wealth Management boosted its stake in shares of Trade Desk by 81.4% during the 3rd quarter. Tyler Stone Wealth Management now owns 5,356 shares of the technology company’s stock worth $587,000 after buying an additional 2,403 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In related news, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the sale, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Samantha Jacobson sold 4,872 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the sale, the insider now directly owns 99,374 shares in the company, valued at approximately $9,887,713. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now owns 380,832 shares in the company, valued at $39,682,694.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,556,291 shares of company stock worth $169,960,852. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Stock Down 3.0 %

Shares of Trade Desk stock opened at $127.25 on Thursday. The company has a 50-day simple moving average of $114.45 and a two-hundred day simple moving average of $102.09. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $132.65. The stock has a market capitalization of $62.55 billion, a price-to-earnings ratio of 208.61, a price-to-earnings-growth ratio of 6.25 and a beta of 1.47.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Susquehanna lifted their target price on Trade Desk from $135.00 to $150.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Benchmark reaffirmed a “sell” rating and set a $57.00 price target on shares of Trade Desk in a research report on Friday, November 8th. Needham & Company LLC increased their price objective on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Evercore ISI upgraded shares of Trade Desk to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, Loop Capital increased their price target on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.65.

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.