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

Skandinaviska Enskilda Banken AB publ reduced its stake in The Trade Desk, Inc. (NASDAQ:TTDFree Report) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 86,421 shares of the technology company’s stock after selling 372 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Trade Desk were worth $6,755,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Trade Desk by 0.7% during the first quarter. Vanguard Group Inc. now owns 39,911,814 shares of the technology company’s stock worth $2,763,893,000 after buying an additional 263,838 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Trade Desk by 2.3% during the second quarter. BlackRock Inc. now owns 22,267,061 shares of the technology company’s stock worth $1,719,462,000 after buying an additional 499,199 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Trade Desk by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,447,010 shares of the technology company’s stock worth $647,660,000 after buying an additional 135,704 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Trade Desk by 10.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,367,719 shares of the technology company’s stock valued at $599,275,000 after purchasing an additional 1,239,936 shares during the period. Finally, State Street Corp increased its position in shares of Trade Desk by 2.4% during the first quarter. State Street Corp now owns 8,940,680 shares of the technology company’s stock valued at $544,573,000 after purchasing an additional 207,354 shares during the period. 68.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $77.39, for a total value of $232,092.61. Following the transaction, the director now owns 39,311 shares of the company’s stock, valued at $3,042,278.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Laura Schenkein sold 2,613 shares of Trade Desk stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $66.48, for a total transaction of $173,712.24. Following the transaction, the chief financial officer now owns 660,009 shares in the company, valued at approximately $43,877,398.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 2,999 shares of Trade Desk stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $77.39, for a total value of $232,092.61. Following the transaction, the director now owns 39,311 shares in the company, valued at approximately $3,042,278.29. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,610 shares of company stock valued at $798,404. 10.81% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Piper Sandler lowered their price objective on Trade Desk from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. Wells Fargo & Company boosted their price objective on Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Morgan Stanley lowered their price objective on Trade Desk from $105.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. HSBC initiated coverage on Trade Desk in a research report on Monday, December 18th. They set a “buy” rating and a $83.20 price objective on the stock. Finally, New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $82.81.

Check Out Our Latest Analysis on TTD

Trade Desk Stock Up 1.6 %

Shares of TTD opened at $71.31 on Monday. The Trade Desk, Inc. has a 12-month low of $47.68 and a 12-month high of $91.85. The stock’s fifty day simple moving average is $70.27 and its 200-day simple moving average is $74.57. The firm has a market capitalization of $34.96 billion, a PE ratio of 230.03, a price-to-earnings-growth ratio of 4.33 and a beta of 1.50.

Trade Desk (NASDAQ:TTDGet Free Report) last released its earnings results on Thursday, November 9th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.05). Trade Desk had a net margin of 8.35% and a return on equity of 7.38%. The company had revenue of $493.27 million during the quarter, compared to analyst estimates of $486.94 million. Analysts anticipate that The Trade Desk, Inc. will post 0.42 EPS for the current year.

About Trade Desk

(Free Report)

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates 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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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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