Tredje AP fonden Sells 1,096 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Tredje AP fonden cut its position in The Trade Desk, Inc. (NASDAQ:TTD) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,163 shares of the technology company’s stock after selling 1,096 shares during the quarter. Tredje AP fonden’s holdings in Trade Desk were worth $6,853,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TTD. Pinnacle Bancorp Inc. raised its holdings in Trade Desk by 119.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after buying an additional 163 shares during the last quarter. Riverview Trust Co bought a new position in shares of Trade Desk during the first quarter valued at $27,000. Bogart Wealth LLC lifted its holdings in shares of Trade Desk by 194.7% during the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after purchasing an additional 222 shares during the period. Transcendent Capital Group LLC bought a new stake in shares of Trade Desk in the second quarter worth $30,000. Finally, Jones Financial Companies Lllp increased its holdings in Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after purchasing an additional 418 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Trading Up 2.1 %

Shares of TTD stock opened at $108.02 on Thursday. The firm has a fifty day simple moving average of $98.32 and a two-hundred day simple moving average of $92.62. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $109.50. The firm has a market capitalization of $53.10 billion, a PE ratio of 270.06, a price-to-earnings-growth ratio of 5.07 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, equities analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Transactions at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the sale, the director now owns 32,701 shares in the company, valued at $3,216,797.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $97.42, for a total value of $13,778,500.28. Following the completion of the sale, the insider now owns 188,236 shares in the company, valued at approximately $18,337,951.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $98.37, for a total value of $133,291.35. Following the completion of the transaction, the director now owns 32,701 shares in the company, valued at approximately $3,216,797.37. The disclosure for this sale can be found here. Insiders sold a total of 599,163 shares of company stock valued at $61,246,529 over the last ninety days. 10.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TTD has been the topic of several recent research reports. Royal Bank of Canada upped their price target on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Citigroup upped their target price on Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 9th. BTIG Research increased their target price on shares of Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Needham & Company LLC restated a “buy” rating and issued a $115.00 price target on shares of Trade Desk in a research report on Wednesday, September 11th. Finally, Wedbush reiterated an “outperform” rating and set a $115.00 price objective (up from $110.00) on shares of Trade Desk in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.05.

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.