The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 91,076 shares of the technology company’s stock after acquiring an additional 908 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Trade Desk were worth $8,898,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Pinnacle Bancorp Inc. increased its holdings in shares of Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after buying an additional 163 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Trade Desk during the 1st quarter worth approximately $27,000. Bogart Wealth LLC increased its holdings in shares of Trade Desk by 194.7% during the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after buying an additional 222 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Trade Desk during the 2nd quarter worth approximately $30,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Trade Desk by 889.4% during the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after buying an additional 418 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Piper Sandler reiterated an “overweight” rating and issued a $110.00 target price on shares of Trade Desk in a report on Tuesday, June 11th. Susquehanna lifted their target price on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a report on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 target price on shares of Trade Desk in a report on Wednesday, September 11th. Finally, Bank of America began coverage on shares of Trade Desk in a research report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $109.05.

Trade Desk Stock Performance

TTD opened at $109.51 on Friday. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $111.80. The company has a market capitalization of $53.56 billion, a P/E ratio of 273.78, a P/E/G ratio of 5.07 and a beta of 1.48. The stock has a fifty day moving average of $98.75 and a 200-day moving average of $93.00.

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

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the transaction, the insider now directly owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Jay R. Grant sold 141,434 shares of the stock in a transaction on Friday, June 28th. The stock was 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 directly owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total value of $133,291.35. Following the completion of the sale, the director now directly owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The disclosure for this sale can be found here. Insiders have sold 596,748 shares of company stock worth $61,010,053 over the last ninety days. Insiders own 10.18% 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.