Nordea Investment Management AB Grows Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Nordea Investment Management AB lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 36.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,347,318 shares of the technology company's stock after buying an additional 358,350 shares during the quarter. Nordea Investment Management AB owned about 0.27% of Trade Desk worth $159,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC grew its position in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock worth $40,000 after buying an additional 100 shares during the period. Quarry LP purchased a new stake in Trade Desk in the second quarter worth about $41,000. Brown Lisle Cummings Inc. increased its stake in shares of Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 150 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock valued at $41,000 after purchasing an additional 247 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Trade Desk in the 3rd quarter worth approximately $51,000. 67.77% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 80,649 shares of the firm's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the completion of the transaction, the chief executive officer now directly owns 7,330 shares of the company's stock, valued at approximately $846,615. This trade represents a 91.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gokul Rajaram sold 1,355 shares of the business's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,528 shares of company stock worth $14,571,290 in the last three months. Company insiders own 9.72% of the company's stock.

Trade Desk Stock Down 4.1 %

NASDAQ:TTD traded down $5.17 during trading hours on Tuesday, hitting $121.41. 4,162,686 shares of the stock traded hands, compared to its average volume of 3,201,984. The company has a market cap of $59.92 billion, a price-to-earnings ratio of 199.03, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $141.53. The stock has a 50 day moving average price of $126.71 and a 200 day moving average price of $111.63.

Analyst Ratings Changes

A number of brokerages have issued reports on TTD. UBS Group lifted their price objective on Trade Desk from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Wolfe Research increased their price objective on shares of Trade Desk from $140.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday. New Street Research upgraded shares of Trade Desk from a "sell" rating to a "neutral" rating and raised their price objective for the company from $85.00 to $115.00 in a research note on Monday, November 25th. StockNews.com downgraded shares of Trade Desk from a "buy" rating to a "hold" rating in a research note on Saturday, November 30th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, Trade Desk presently has an average rating of "Moderate Buy" and a consensus price target of $129.48.

About Trade Desk

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.