Dai ichi Life Insurance Company Ltd Cuts Position in The Trade Desk, Inc. (NASDAQ:TTD)

Dai ichi Life Insurance Company Ltd decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 60.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,689 shares of the technology company’s stock after selling 18,000 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Trade Desk were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Venture Visionary Partners LLC boosted its position in shares of 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 buying an additional 4,296 shares during the period. Ithaka Group LLC grew its position in Trade Desk by 4.5% in the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after acquiring an additional 4,836 shares during the last quarter. Assetmark Inc. increased its stake in Trade Desk by 2,461.2% in 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 period. Swiss National Bank lifted its position in shares of Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Trade Desk by 5.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company’s stock valued at $9,179,000 after purchasing an additional 5,148 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on TTD. Evercore ISI raised their price target on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Susquehanna reaffirmed a “positive” rating and set a $150.00 target price on shares of Trade Desk in a research report on Thursday, November 21st. Wells Fargo & Company started coverage on Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 price target for the company. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a report on Monday, October 7th. Finally, Wedbush boosted their price objective on shares of Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.66.

Insider Activity

In related news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now owns 29,991 shares of the company’s stock, valued at $3,269,019. This trade represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jay R. Grant sold 20,579 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the transaction, the insider now owns 178,853 shares of the company’s stock, valued at $19,432,378.45. This trade represents a 10.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Stock Down 0.6 %

Trade Desk stock opened at $128.15 on Thursday. The company’s 50 day moving average is $118.32 and its two-hundred day moving average is $104.56. The firm has a market cap of $63.25 billion, a PE ratio of 210.08, a price-to-earnings-growth ratio of 5.86 and a beta of 1.47. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $132.65.

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.