The Trade Desk $TTD Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in The Trade Desk (NASDAQ:TTDFree Report) by 23.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,472 shares of the technology company’s stock after selling 23,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Trade Desk were worth $3,748,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Family Legacy Financial Solutions LLC increased its holdings in shares of Trade Desk by 163.2% in the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after purchasing an additional 310 shares during the period. Sound Income Strategies LLC boosted its position in Trade Desk by 317.6% in the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after buying an additional 270 shares during the last quarter. Versant Capital Management Inc increased its holdings in Trade Desk by 175.8% in the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after buying an additional 334 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in Trade Desk during the 2nd quarter worth approximately $28,000. Finally, Transce3nd LLC acquired a new stake in Trade Desk during the 2nd quarter valued at approximately $28,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Down 2.1%

NASDAQ:TTD opened at $35.48 on Monday. The Trade Desk has a 52 week low of $35.23 and a 52 week high of $126.20. The stock has a market capitalization of $17.16 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 1.39 and a beta of 1.11. The stock’s 50-day moving average price is $38.80 and its 200-day moving average price is $52.17.

Trade Desk (NASDAQ:TTDGet Free Report) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $739.43 million during the quarter, compared to analysts’ expectations of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.During the same quarter in the prior year, the firm posted $0.41 EPS. Trade Desk’s quarterly revenue was up 17.7% compared to the same quarter last year. Sell-side analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its board has authorized a share buyback program on Thursday, November 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of research reports. Truist Financial cut their price objective on shares of Trade Desk from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. BNP Paribas Exane initiated coverage on Trade Desk in a research report on Wednesday, January 14th. They set a “neutral” rating and a $40.00 price target on the stock. Wall Street Zen upgraded Trade Desk from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. DA Davidson decreased their price objective on Trade Desk from $80.00 to $54.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, Zacks Research raised Trade Desk from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.62.

View Our Latest Stock Report on TTD

Key Stories Impacting Trade Desk

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Trade Desk Company Profile

(Free Report)

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

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

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