Swedbank AB Has $43.35 Million Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Swedbank AB increased its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 28.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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.

Other hedge funds also recently modified their holdings of the company. Ithaka Group LLC increased its position in Trade Desk by 4.5% during the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company's stock worth $12,378,000 after acquiring an additional 4,836 shares during the period. Venture Visionary Partners LLC boosted its stake 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 buying an additional 4,296 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Trade Desk by 36.2% during the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company's stock valued at $159,132,000 after acquiring an additional 358,350 shares during the period. Assetmark Inc. boosted its stake in shares of 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 in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company's stock worth $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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TTD shares. BMO Capital Markets boosted their target price on Trade Desk from $125.00 to $160.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. Morgan Stanley upped their price target on shares of Trade Desk from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. UBS Group boosted their target price on shares of Trade Desk from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. BTIG Research raised their price target on shares of Trade Desk from $114.00 to $142.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Wedbush upped their price objective on Trade Desk from $135.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Trade Desk currently has an average rating of "Moderate Buy" and an average target price of $133.13.

Trade Desk Trading Down 2.2 %

Shares of NASDAQ TTD traded down $2.75 during mid-day trading on Thursday, hitting $119.84. The company had a trading volume of 1,433,903 shares, compared to its average volume of 3,380,178. The firm has a 50-day simple moving average of $125.87 and a two-hundred day simple moving average of $114.01. The company has a market capitalization of $59.15 billion, a PE ratio of 196.67, a price-to-earnings-growth ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a one year low of $66.56 and a one year high of $141.53.

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

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the company's stock in a transaction on 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 completion of the sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Terry Green sold 512,953 shares of Trade Desk stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total value of $63,949,850.51. Following the completion of the transaction, the chief executive officer now owns 243,476 shares in the company, valued at approximately $30,354,152.92. This represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 549,684 shares of company stock worth $68,444,576. 9.72% of the stock is owned by insiders.

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.