First Hawaiian Bank Purchases 10,225 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

First Hawaiian Bank grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 43.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 33,955 shares of the technology company’s stock after buying an additional 10,225 shares during the period. First Hawaiian Bank’s holdings in Trade Desk were worth $3,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Avior Wealth Management LLC lifted its holdings in shares of 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 buying an additional 100 shares in the last quarter. Quarry LP purchased a new stake in Trade Desk in the 2nd quarter worth approximately $41,000. Brown Lisle Cummings Inc. boosted its holdings in 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 purchasing an additional 150 shares during the period. JFS Wealth Advisors LLC grew its position in shares of Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Trade Desk in the third quarter worth $51,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TTD. BTIG Research boosted their target price on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Susquehanna reaffirmed a “positive” rating and issued a $150.00 target price on shares of Trade Desk in a research note on Thursday, November 21st. DA Davidson boosted their price target on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Piper Sandler reissued an “overweight” rating and issued a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.48.

Insider Activity

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % 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 this link. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the transaction, the director now owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.72% of the company’s stock.

Trade Desk Stock Performance

Shares of Trade Desk stock traded up $0.11 during midday trading on Wednesday, reaching $121.52. 2,763,672 shares of the company’s stock traded hands, compared to its average volume of 3,107,451. The company has a market cap of $59.98 billion, a PE ratio of 199.21, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45. The stock has a 50 day moving average of $126.71 and a 200-day moving average of $111.63. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53.

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.