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

Handelsbanken Fonder AB boosted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 26.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 209,644 shares of the technology company's stock after purchasing an additional 43,286 shares during the period. Handelsbanken Fonder AB's holdings in Trade Desk were worth $24,639,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTD. Harbor Investment Advisory LLC grew its position in Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock worth $34,000 after purchasing an additional 117 shares during the period. Synergy Asset Management LLC purchased a new stake in shares of Trade Desk during the 4th quarter worth about $34,000. Exchange Traded Concepts LLC purchased a new stake in shares of Trade Desk during the 4th quarter worth about $35,000. Kestra Investment Management LLC purchased a new stake in shares of Trade Desk during the 4th quarter worth about $39,000. Finally, Avior Wealth Management LLC boosted its stake in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock worth $40,000 after acquiring an additional 100 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group increased their target price on shares of Trade Desk from $116.00 to $148.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. BMO Capital Markets lowered their target price on shares of Trade Desk from $160.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Morgan Stanley lowered their target price on shares of Trade Desk from $145.00 to $132.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Cantor Fitzgerald decreased their price target on shares of Trade Desk from $115.00 to $100.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Finally, Evercore ISI lowered shares of Trade Desk from an "outperform" rating to an "inline" rating and decreased their price target for the company from $135.00 to $90.00 in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Trade Desk has a consensus rating of "Moderate Buy" and an average target price of $119.45.

Insider Activity at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the transaction, the insider now owns 90,709 shares of the company's stock, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares of the company's stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,029 shares of company stock worth $5,004,296. Insiders own 9.72% of the company's stock.

Trade Desk Stock Performance

Shares of NASDAQ TTD traded down $3.67 during midday trading on Friday, reaching $72.06. 12,810,867 shares of the stock were exchanged, compared to its average volume of 7,245,894. The company has a 50 day simple moving average of $115.27 and a 200 day simple moving average of $114.88. The stock has a market capitalization of $35.57 billion, a P/E ratio of 92.38, a PEG ratio of 3.15 and a beta of 1.45. The Trade Desk, Inc. has a twelve month low of $71.61 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. On average, research analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has initiated a stock buyback program on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are 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.