Fjarde AP Fonden Fourth Swedish National Pension Fund Lowers Stock Holdings in The Trade Desk (NASDAQ:TTD)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 7.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,772 shares of the technology company's stock after selling 7,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Trade Desk were worth $5,022,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Trade Desk by 3,876.8% in the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock valued at $5,033,000 after purchasing an additional 89,671 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of Trade Desk in the first quarter valued at approximately $995,000. LBP AM SA boosted its stake in shares of Trade Desk by 116.1% in the first quarter. LBP AM SA now owns 64,154 shares of the technology company's stock valued at $3,511,000 after buying an additional 34,465 shares in the last quarter. Bryce Point Capital LLC boosted its stake in shares of Trade Desk by 302.9% in the first quarter. Bryce Point Capital LLC now owns 16,727 shares of the technology company's stock valued at $915,000 after buying an additional 12,575 shares in the last quarter. Finally, Peregrine Capital Management LLC boosted its stake in shares of Trade Desk by 40.2% in the first quarter. Peregrine Capital Management LLC now owns 579,877 shares of the technology company's stock valued at $31,731,000 after buying an additional 166,332 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the sale, the insider owned 218,246 shares of the company's stock, valued at $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.00% of the stock is owned by insiders.

Trade Desk Trading Up 2.7%

TTD stock opened at $52.12 on Friday. The stock has a 50-day moving average price of $74.22 and a two-hundred day moving average price of $71.04. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The company has a market cap of $25.61 billion, a PE ratio of 62.80, a price-to-earnings-growth ratio of 2.60 and a beta of 1.37.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm had revenue of $694.04 million for the quarter, compared to analysts' expectations of $686.00 million. During the same period last year, the firm posted $0.39 EPS. Trade Desk's revenue was up 18.7% on a year-over-year basis. Equities analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TTD shares. Stifel Nicolaus decreased their price target on Trade Desk from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Bank of America restated an "underperform" rating and issued a $55.00 price target (down from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. Citigroup restated a "neutral" rating and issued a $65.00 price target (down from $90.00) on shares of Trade Desk in a research note on Friday, August 8th. UBS Group decreased their price target on Trade Desk from $105.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Morgan Stanley lifted their price target on Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $88.58.

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.

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