Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 718.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,800 shares of the technology company’s stock after buying an additional 107,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in The Trade Desk were worth $9,500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of TTD. Baillie Gifford & Co. lifted its holdings in shares of The Trade Desk by 1,172.2% in the 2nd quarter. Baillie Gifford & Co. now owns 52,534,783 shares of the technology company’s stock worth $4,064,091,000 after acquiring an additional 48,405,217 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of The Trade Desk by 797.5% in the 2nd quarter. BlackRock Inc. now owns 22,896,162 shares of the technology company’s stock worth $1,771,246,000 after acquiring an additional 20,345,148 shares during the last quarter. Zevenbergen Capital Investments LLC lifted its holdings in shares of The Trade Desk by 944.5% in the 2nd quarter. Zevenbergen Capital Investments LLC now owns 3,981,930 shares of the technology company’s stock worth $308,042,000 after acquiring an additional 3,600,686 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of The Trade Desk by 1,198.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,214,360 shares of the technology company’s stock worth $248,661,000 after acquiring an additional 2,966,726 shares during the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of The Trade Desk by 853.4% in the 2nd quarter. TCW Group Inc. now owns 3,183,610 shares of the technology company’s stock worth $246,284,000 after acquiring an additional 2,849,703 shares during the last quarter. 59.30% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the stock. Evercore ISI upgraded shares of The Trade Desk to an “outperform” rating and raised their target price for the stock from $70.00 to $95.00 in a report on Thursday, July 8th. Susquehanna Bancshares raised their target price on shares of The Trade Desk from $100.00 to $105.00 and gave the stock a “positive” rating in a report on Tuesday, August 10th. Zacks Investment Research upgraded shares of The Trade Desk from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Wednesday, August 18th. KeyCorp lifted their price objective on shares of The Trade Desk from $74.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, August 10th. Finally, Truist lifted their price objective on shares of The Trade Desk from $62.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, August 10th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, The Trade Desk presently has a consensus rating of “Buy” and an average target price of $87.58.

In other news, CFO Blake Jeffrey Grayson sold 690 shares of The Trade Desk stock in a transaction that occurred on Thursday, July 15th. The shares were sold at an average price of $73.35, for a total value of $50,611.50. Following the transaction, the chief financial officer now owns 211,830 shares of the company’s stock, valued at approximately $15,537,730.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eric B. Paley sold 3,634 shares of the business’s stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $80.30, for a total transaction of $291,810.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,328 shares of company stock worth $3,231,805. Insiders own 10.72% of the company’s stock.

NASDAQ TTD opened at $76.46 on Monday. The company has a market capitalization of $36.60 billion, a price-to-earnings ratio of 143.18, a price-to-earnings-growth ratio of 7.66 and a beta of 2.48. The company’s 50-day simple moving average is $78.22 and its two-hundred day simple moving average is $74.35. The Trade Desk, Inc. has a one year low of $44.83 and a one year high of $97.28.

The Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Monday, August 9th. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The Trade Desk had a net margin of 25.44% and a return on equity of 25.01%. The firm had revenue of $279.97 million for the quarter, compared to the consensus estimate of $262.82 million. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 100.9% compared to the same quarter last year. As a group, equities research analysts expect that The Trade Desk, Inc. will post 0.41 earnings per share for the current year.

The Trade Desk Company Profile

The Trade Desk, Inc offers a technology platform for advertising buyers. It operates through United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces.

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Institutional Ownership by Quarter for The Trade Desk (NASDAQ:TTD)

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