Forsta AP Fonden Boosts Position in The Trade Desk, Inc. (NASDAQ:TTD)

Forsta AP Fonden raised its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 92,500 shares of the technology company’s stock after acquiring an additional 900 shares during the period. Forsta AP Fonden’s holdings in Trade Desk were worth $10,872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC grew its stake 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 buying an additional 117 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Trade Desk during the fourth quarter worth approximately $35,000. Avior Wealth Management LLC increased its holdings 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 valued at $40,000 after acquiring an additional 100 shares during the period. Quarry LP purchased a new stake in Trade Desk in the 2nd quarter valued at $41,000. Finally, Brown Lisle Cummings Inc. boosted its stake in Trade Desk by 66.7% during 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. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insiders Place Their Bets

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The sale 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 Trade Desk stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 553,982 shares of company stock valued at $68,954,147. Insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Trade Desk stock opened at $118.94 on Friday. The stock has a market capitalization of $58.71 billion, a P/E ratio of 194.98, a P/E/G ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 12-month low of $66.56 and a 12-month high of $141.53. The firm’s 50-day moving average is $125.70 and its two-hundred day moving average is $114.05.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The business had revenue of $628.02 million for the quarter, compared to analysts’ expectations of $619.89 million. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. During the same period in the prior year, the company earned $0.08 EPS. As a group, analysts forecast that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Loop Capital boosted their price target on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, November 11th. KeyCorp boosted their target price on Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Oppenheimer raised their target price on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Evercore ISI increased their price target 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. Finally, BMO Capital Markets lifted their price objective on Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

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.