Swedbank AB Grows Stock Position in The Trade Desk $TTD

Key Points

• Swedbank AB increased its stake in The Trade Desk by 32.2%, acquiring an additional 134,620 shares, bringing its total to approximately 552,260 shares valued at $39.76 million.
• Several brokerages have downgraded their ratings on Trade Desk, including Moffett Nathanson dropping to a "sell" rating and Scotiabank lowering its price target from $83 to $60.
• Insider Jay R. Grant sold 51,290 shares at an average price of $91.18, marking a 19.03% decrease in ownership, while the company reported missed earnings estimates for the last quarter.

Swedbank AB lifted its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 32.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 552,260 shares of the technology company's stock after buying an additional 134,620 shares during the period. Swedbank AB owned about 0.11% of Trade Desk worth $39,757,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TTD. Investment Management Corp VA ADV purchased a new position in shares of Trade Desk during the fourth quarter valued at approximately $25,000. Banque Cantonale Vaudoise purchased a new position in shares of Trade Desk during the first quarter valued at approximately $26,000. Cloud Capital Management LLC purchased a new position in shares of Trade Desk during the first quarter valued at approximately $27,000. von Borstel & Associates Inc. purchased a new position in Trade Desk in the first quarter worth $31,000. Finally, Alpine Bank Wealth Management purchased a new position in Trade Desk in the first quarter worth $35,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Trading Up 1.2%

NASDAQ TTD traded up $0.54 on Friday, hitting $44.47. The company's stock had a trading volume of 52,901,240 shares, compared to its average volume of 14,213,349. The firm has a market cap of $21.74 billion, a P/E ratio of 53.58, a PEG ratio of 2.32 and a beta of 1.36. The company's 50-day simple moving average is $63.73 and its 200 day simple moving average is $63.54. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 earnings per share 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 company had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. During the same period last year, the business earned $0.39 EPS. The firm's quarterly revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. On average, research analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on TTD. Stifel Nicolaus dropped their price target on Trade Desk from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Wedbush reaffirmed an "outperform" rating and set a $86.00 price target on shares of Trade Desk in a research report on Tuesday, July 15th. Wells Fargo & Company cut Trade Desk from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $74.00 to $68.00 in a research report on Thursday, June 26th. KeyCorp upped their price target on Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Wall Street Zen lowered Trade Desk from a "hold" rating to a "sell" rating in a research note on Monday, September 1st. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $87.21.

Insider Activity

In other news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the transaction, the insider owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the transaction, the director directly owned 5,035 shares in the company, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. Insiders own 10.00% of the company's stock.

Trade Desk Company 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.