Swedbank AB Grows Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Swedbank AB lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 22.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 288,041 shares of the technology company’s stock after purchasing an additional 53,130 shares during the quarter. Swedbank AB owned 0.06% of Trade Desk worth $31,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTD. Transcendent Capital Group LLC bought a new stake in Trade Desk in the second quarter worth $30,000. EdgeRock Capital LLC bought a new stake in shares of Trade Desk in the 2nd quarter valued at about $37,000. Avior Wealth Management LLC boosted its holdings in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares during the period. Quarry LP bought a new position in Trade Desk during the 2nd quarter worth approximately $41,000. Finally, Brown Lisle Cummings Inc. increased its stake in Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TTD shares. Evercore ISI raised their target price on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and raised their price target for the stock from $85.00 to $115.00 in a report on Monday. Loop Capital upped their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Benchmark reissued a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. Finally, StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.66.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $129.35 on Tuesday. The stock has a market cap of $63.84 billion, a price-to-earnings ratio of 212.05, a PEG ratio of 5.88 and a beta of 1.47. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $132.65. The firm’s 50-day moving average is $117.38 and its 200 day moving average is $103.98.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the completion of the transaction, the director now owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. The trade was a 4.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 20,579 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the sale, the insider now directly owns 178,853 shares in the company, valued at approximately $19,432,378.45. The trade was a 10.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Corporate insiders own 9.72% 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.