Fjarde AP Fonden Fourth Swedish National Pension Fund Has $11.71 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,672 shares of the technology company’s stock after purchasing an additional 800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Trade Desk were worth $11,714,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ascent Wealth Partners LLC boosted its position in Trade Desk by 18.0% during the fourth quarter. Ascent Wealth Partners LLC now owns 36,752 shares of the technology company’s stock valued at $4,319,000 after purchasing an additional 5,614 shares during the last quarter. Howard Capital Management Inc. raised its stake in shares of Trade Desk by 3.1% during the 4th quarter. Howard Capital Management Inc. now owns 15,579 shares of the technology company’s stock worth $1,831,000 after purchasing an additional 464 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Trade Desk by 21.4% during the 4th quarter. First Horizon Advisors Inc. now owns 3,051 shares of the technology company’s stock valued at $359,000 after buying an additional 537 shares during the last quarter. Lane & Associates LLC grew its stake in shares of Trade Desk by 2.6% in the 4th quarter. Lane & Associates LLC now owns 4,256 shares of the technology company’s stock valued at $505,000 after buying an additional 108 shares in the last quarter. Finally, WP Advisors LLC acquired a new position in Trade Desk in the fourth quarter worth approximately $206,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on TTD. Piper Sandler reiterated an “overweight” rating and issued a $110.00 target price (down from $140.00) on shares of Trade Desk in a research note on Thursday, February 13th. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $85.00 to $115.00 in a research note on Monday, November 25th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price objective on shares of Trade Desk in a report on Thursday, February 13th. Citigroup cut their target price on Trade Desk from $140.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Wells Fargo & Company reduced their price target on Trade Desk from $142.00 to $101.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $119.45.

Insider Buying and Selling

In related news, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now owns 90,709 shares of the company’s stock, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares of the company’s stock, 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. Insiders sold a total of 41,029 shares of company stock valued at $5,004,296 over the last ninety days. 9.72% of the stock is owned by company insiders.

Trade Desk Stock Performance

Shares of TTD opened at $72.06 on Monday. The company has a 50-day simple moving average of $115.27 and a 200-day simple moving average of $115.30. The Trade Desk, Inc. has a 52 week low of $71.61 and a 52 week high of $141.53. The firm has a market capitalization of $35.57 billion, a P/E ratio of 92.38, a P/E/G ratio of 3.11 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. As a group, equities analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk declared that its board has initiated a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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.