The Trade Desk, Inc. (NASDAQ:TTD) Position Increased by First Hawaiian Bank

Posted by on Mar 22nd, 2023

First Hawaiian Bank raised its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,768 shares of the technology company’s stock after buying an additional 637 shares during the period. First Hawaiian Bank’s holdings in Trade Desk were worth $1,514,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TTD. MetLife Investment Management LLC bought a new stake in Trade Desk during the first quarter worth approximately $1,946,000. Synovus Financial Corp boosted its holdings in Trade Desk by 32.8% during the first quarter. Synovus Financial Corp now owns 8,079 shares of the technology company’s stock worth $561,000 after buying an additional 1,996 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Trade Desk by 43.0% during the first quarter. Vontobel Holding Ltd. now owns 14,220 shares of the technology company’s stock worth $1,019,000 after buying an additional 4,276 shares in the last quarter. Aviva PLC boosted its holdings in Trade Desk by 8.5% during the first quarter. Aviva PLC now owns 103,185 shares of the technology company’s stock worth $7,146,000 after buying an additional 8,059 shares in the last quarter. Finally, National Pension Service boosted its holdings in Trade Desk by 11.2% during the first quarter. National Pension Service now owns 657,768 shares of the technology company’s stock worth $45,550,000 after buying an additional 66,179 shares in the last quarter. 67.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TTD has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Trade Desk from $50.00 to $58.00 and gave the company an “equal weight” rating in a research report on Thursday, February 16th. BTIG Research initiated coverage on shares of Trade Desk in a research report on Friday, March 3rd. They issued a “neutral” rating for the company. KeyCorp upped their price target on shares of Trade Desk from $55.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, February 16th. StockNews.com initiated coverage on shares of Trade Desk in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, DA Davidson upped their price target on shares of Trade Desk from $56.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, February 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.55.

Trade Desk Trading Up 4.2 %

Trade Desk stock opened at $59.24 on Wednesday. The company has a market capitalization of $29.07 billion, a P/E ratio of 592.46, a P/E/G ratio of 5.22 and a beta of 1.83. The firm’s fifty day simple moving average is $53.35 and its 200-day simple moving average is $52.82. The Trade Desk, Inc. has a 1-year low of $39.00 and a 1-year high of $76.75.

Trade Desk (NASDAQ:TTD – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The technology company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The business had revenue of $490.74 million for the quarter, compared to the consensus estimate of $491.24 million. Trade Desk had a net margin of 3.38% and a return on equity of 2.86%. On average, equities research analysts predict that The Trade Desk, Inc. will post 0.47 earnings per share for the current year.

Trade Desk Company Profile

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The Trade Desk, Inc engages in the provision of a technology platform for advertising buyers. It operates through the United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces.

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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