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

First Hawaiian Bank boosted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 43.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,955 shares of the technology company’s stock after purchasing an additional 10,225 shares during the period. First Hawaiian Bank’s holdings in Trade Desk were worth $3,991,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TTD. Fulton Bank N.A. lifted its stake in Trade Desk by 0.8% in the 4th quarter. Fulton Bank N.A. now owns 18,986 shares of the technology company’s stock valued at $2,231,000 after purchasing an additional 145 shares during the last quarter. Westwind Capital acquired a new position in shares of Trade Desk during the fourth quarter worth $15,642,000. Nordea Investment Management AB lifted its stake in shares of Trade Desk by 36.2% in the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after acquiring an additional 358,350 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Trade Desk during the 4th quarter valued at $1,328,000. Finally, GAMMA Investing LLC grew its position in Trade Desk by 9.3% during the 4th quarter. GAMMA Investing LLC now owns 2,313 shares of the technology company’s stock worth $272,000 after acquiring an additional 196 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction 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 completion of 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. Company insiders own 9.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TTD shares. Wolfe Research lifted their price target on Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Robert W. Baird boosted their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and raised their price target for the company from $85.00 to $115.00 in a research note on Monday, November 25th. Wedbush boosted their price objective on shares of Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 target price on shares of Trade Desk in a research report on Monday, October 7th. One investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.48.

Trade Desk Stock Up 0.1 %

TTD traded up $0.11 during trading on Wednesday, hitting $121.52. 2,763,672 shares of the company’s stock were exchanged, compared to its average volume of 3,107,451. The stock has a market cap of $59.98 billion, a P/E ratio of 199.21, a PEG ratio of 6.00 and a beta of 1.45. The business’s 50 day moving average is $126.71 and its two-hundred day moving average is $111.63. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $141.53.

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.