E Fund Management Hong Kong Co. Ltd. Boosts Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

E Fund Management Hong Kong Co. Ltd. lifted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 35,100.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,056 shares of the technology company’s stock after acquiring an additional 1,053 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in Trade Desk were worth $124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC lifted its position in Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Trade Desk during the 4th quarter valued at $35,000. Avior Wealth Management LLC lifted its holdings in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the period. Quarry LP purchased a new position in shares of Trade Desk in the 2nd quarter worth $41,000. Finally, Brown Lisle Cummings Inc. grew its holdings in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 549,684 shares of company stock worth $68,444,576. 9.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on TTD. Wedbush raised their target price on Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Wolfe Research boosted their target price on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Royal Bank of Canada increased their price target on shares of Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Susquehanna reissued a “positive” rating and set a $150.00 price objective on shares of Trade Desk in a research report on Thursday, November 21st. Finally, Wells Fargo & Company raised their target price on Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $133.13.

Trade Desk Price Performance

TTD opened at $119.96 on Monday. The stock has a market capitalization of $59.21 billion, a price-to-earnings ratio of 196.66, a price-to-earnings-growth ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 12 month low of $66.56 and a 12 month high of $141.53. The business has a 50-day moving average of $125.84 and a two-hundred day moving average of $113.66.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The firm had revenue of $628.02 million during the quarter, compared to analysts’ expectations of $619.89 million. During the same period last year, the business posted $0.08 earnings per share. Equities research analysts anticipate that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

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.