Swedbank AB Has $31.58 Million Position in The Trade Desk, Inc. (NASDAQ:TTD)

Swedbank AB increased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 22.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 288,041 shares of the technology company’s stock after acquiring an additional 53,130 shares during the period. Swedbank AB owned about 0.06% of Trade Desk worth $31,584,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new stake in Trade Desk in the first quarter worth $2,626,000. Nordea Investment Management AB grew its position in shares of Trade Desk by 11.4% in the 1st quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock valued at $60,202,000 after acquiring an additional 70,201 shares during the period. CHURCHILL MANAGEMENT Corp bought a new position in shares of Trade Desk in the 1st quarter valued at about $3,011,000. International Assets Investment Management LLC grew its position in shares of Trade Desk by 4.3% in the 1st quarter. International Assets Investment Management LLC now owns 15,825 shares of the technology company’s stock valued at $1,382,000 after acquiring an additional 656 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in shares of Trade Desk in the 1st quarter valued at about $1,034,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They set a “buy” rating and a $135.00 target price for the company. Citigroup lifted their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday. BTIG Research lifted their price objective on shares of Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Needham & Company LLC raised their target price on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Wedbush reissued an “outperform” rating and issued a $115.00 target price (up from $110.00) on shares of Trade Desk in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average price target of $112.97.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $117.94 on Thursday. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $118.82. The firm’s 50 day simple moving average is $105.52 and its two-hundred day simple moving average is $96.62. The stock has a market capitalization of $57.69 billion, a P/E ratio of 294.85, a PEG ratio of 5.68 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. During the same quarter last year, the business earned $0.07 earnings per share. The business’s revenue was up 25.9% on a year-over-year basis. As a group, equities analysts expect that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Activity at Trade Desk

In other news, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the completion of the transaction, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the completion of the sale, the chief executive officer now directly owns 664,261 shares in the company, valued at $68,897,150.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Samantha Jacobson sold 4,872 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the sale, the insider now owns 99,374 shares of the company’s stock, valued at approximately $9,887,713. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock worth $170,095,115 over the last quarter. Corporate insiders own 10.18% of the company’s stock.

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.