Skandinaviska Enskilda Banken AB publ Boosts Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Skandinaviska Enskilda Banken AB publ grew its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,977 shares of the technology company’s stock after acquiring an additional 5,900 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Trade Desk were worth $11,653,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Rakuten Securities Inc. raised its position in shares of Trade Desk by 407.5% in the fourth quarter. Rakuten Securities Inc. now owns 812 shares of the technology company’s stock worth $95,000 after buying an additional 652 shares in the last quarter. Forge First Asset Management Inc. raised its position in shares of Trade Desk by 50.0% in the fourth quarter. Forge First Asset Management Inc. now owns 21,000 shares of the technology company’s stock worth $2,467,000 after buying an additional 7,000 shares in the last quarter. Liberty Wealth Management LLC raised its position in shares of Trade Desk by 20.7% in the fourth quarter. Liberty Wealth Management LLC now owns 2,507 shares of the technology company’s stock worth $295,000 after buying an additional 430 shares in the last quarter. Great Lakes Advisors LLC raised its position in shares of Trade Desk by 1.7% in the fourth quarter. Great Lakes Advisors LLC now owns 6,951 shares of the technology company’s stock worth $817,000 after buying an additional 116 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Trade Desk by 80.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,733 shares of the technology company’s stock worth $204,000 after buying an additional 771 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now owns 90,709 shares of the company’s stock, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,029 shares of company stock worth $5,004,296 over the last three months. Company insiders own 9.72% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price objective on shares of Trade Desk in a research report on Thursday. JMP Securities lowered their price target on Trade Desk from $150.00 to $115.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Wolfe Research raised their price target on Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and raised their price target for the company from $85.00 to $115.00 in a research report on Monday, November 25th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $119.45.

Trade Desk Price Performance

Shares of TTD opened at $53.94 on Friday. The Trade Desk, Inc. has a one year low of $53.42 and a one year high of $141.53. The company has a 50-day simple moving average of $99.14 and a two-hundred day simple moving average of $111.81. The firm has a market capitalization of $26.76 billion, a PE ratio of 69.15, a price-to-earnings-growth ratio of 3.11 and a beta of 1.63.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. Analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership 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.