The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Swedbank AB

Swedbank AB grew its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 28.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 368,870 shares of the technology company’s stock after buying an additional 80,829 shares during the period. Swedbank AB owned 0.07% of Trade Desk worth $43,353,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Ithaka Group LLC raised 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 purchasing an additional 4,836 shares during the last quarter. Venture Visionary Partners LLC raised its position in Trade Desk by 33.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after purchasing an additional 4,296 shares during the last quarter. Nordea Investment Management AB raised its position in 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 purchasing an additional 358,350 shares during the last quarter. Assetmark Inc. raised its position in Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after purchasing an additional 70,687 shares during the last quarter. Finally, Swiss National Bank raised its position in Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after purchasing an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 512,953 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total transaction of $63,949,850.51. Following the sale, the chief executive officer now owns 243,476 shares in the company, valued at $30,354,152.92. This represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 549,684 shares of company stock worth $68,444,576. Company insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of TTD stock opened at $122.59 on Thursday. The firm has a market cap of $60.51 billion, a P/E ratio of 200.97, a PEG ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 1-year low of $66.56 and a 1-year high of $141.53. The firm’s 50-day simple moving average is $125.87 and its 200-day simple moving average is $114.01.

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

Analyst Ratings Changes

TTD has been the subject of several research reports. Royal Bank of Canada upped their price target on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Robert W. Baird upped their price target on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. JMP Securities began coverage on shares of Trade Desk in a research report on Tuesday, January 21st. They set a “mkt outperform” rating and a $150.00 price objective for the company. Stifel Nicolaus upped their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.13.

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.