Handelsbanken Fonder AB Sells 79,734 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Handelsbanken Fonder AB cut its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 42.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,993 shares of the technology company’s stock after selling 79,734 shares during the period. Handelsbanken Fonder AB’s holdings in Trade Desk were worth $7,843,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. California Public Employees Retirement System raised its position in Trade Desk by 1.4% in the third quarter. California Public Employees Retirement System now owns 808,509 shares of the technology company’s stock worth $63,185,000 after acquiring an additional 11,356 shares during the period. Nordea Investment Management AB raised its position in Trade Desk by 31.7% in the fourth quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company’s stock worth $44,226,000 after acquiring an additional 147,717 shares during the period. Raymond James & Associates raised its position in Trade Desk by 12.8% in the fourth quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock worth $18,161,000 after acquiring an additional 28,714 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Trade Desk by 30.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock valued at $21,078,000 after purchasing an additional 67,520 shares during the period. Finally, Deane Retirement Strategies Inc. raised its position in shares of Trade Desk by 126.8% during the 4th quarter. Deane Retirement Strategies Inc. now owns 26,227 shares of the technology company’s stock valued at $1,887,000 after purchasing an additional 14,662 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the transaction, the chief executive officer now owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the completion of the transaction, the chief executive officer now owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kathryn E. Falberg sold 103,030 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $81.90, for a total value of $8,438,157.00. Following the transaction, the director now owns 242,609 shares of the company’s stock, valued at approximately $19,869,677.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 492,170 shares of company stock worth $41,250,398. 10.18% of the stock is currently owned by company insiders.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $83.79 on Thursday. The stock has a market cap of $40.97 billion, a price-to-earnings ratio of 232.76, a price-to-earnings-growth ratio of 4.47 and a beta of 1.50. The stock has a 50 day moving average price of $83.21 and a 200-day moving average price of $75.62. The Trade Desk, Inc. has a one year low of $59.36 and a one year high of $94.00.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The company had revenue of $605.80 million during the quarter, compared to analysts’ expectations of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. Sell-side analysts predict that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Wells Fargo & Company raised their price objective on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. BMO Capital Markets raised their price objective on shares of Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Trade Desk in a research report on Thursday, March 21st. Finally, Piper Sandler raised their price objective on shares of Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average target price of $89.75.

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.