Xact Kapitalforvaltning AB increased its stake in Trade Desk Inc (NASDAQ:TTD) by 26.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,600 shares of the technology company’s stock after buying an additional 1,400 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Trade Desk were worth $766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exane Derivatives bought a new position in Trade Desk during the 4th quarter worth $116,000. D.A. Davidson & CO. bought a new position in Trade Desk during the 4th quarter worth $215,000. Baltimore Washington Financial Advisors Inc. increased its position in Trade Desk by 5.9% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 1,800 shares of the technology company’s stock worth $208,000 after buying an additional 100 shares during the period. Cim LLC bought a new position in Trade Desk during the 4th quarter worth $856,000. Finally, Quantamental Technologies LLC bought a new position in Trade Desk during the 4th quarter worth $278,000. 67.88% of the stock is owned by institutional investors.

In other Trade Desk news, insider Brian John Stempeck sold 33,158 shares of Trade Desk stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $155.01, for a total value of $5,139,821.58. Following the transaction, the insider now owns 57,262 shares in the company, valued at $8,876,182.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Paul Ross sold 6,049 shares of Trade Desk stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $154.90, for a total value of $936,990.10. Following the completion of the transaction, the chief financial officer now owns 38,644 shares in the company, valued at approximately $5,985,955.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,705 shares of company stock worth $18,872,803. Company insiders own 23.54% of the company’s stock.

A number of brokerages recently commented on TTD. Zacks Investment Research cut Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 17th. BidaskClub upgraded Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. Oppenheimer raised their price target on Trade Desk from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, December 14th. CIBC raised their price target on Trade Desk from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, December 14th. Finally, SunTrust Banks raised their price target on Trade Desk to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $124.16.

Trade Desk stock traded up $2.13 during midday trading on Monday, reaching $148.31. The company’s stock had a trading volume of 11,365 shares, compared to its average volume of 878,431. Trade Desk Inc has a 52 week low of $40.70 and a 52 week high of $161.50. The stock has a market cap of $6.32 billion, a PE ratio of 124.40, a P/E/G ratio of 3.13 and a beta of 2.85.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 8th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.06). Trade Desk had a net margin of 15.62% and a return on equity of 22.86%. The business had revenue of $118.80 million during the quarter, compared to the consensus estimate of $117.48 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue was up 49.6% on a year-over-year basis. Research analysts forecast that Trade Desk Inc will post 1.56 earnings per share for the current year.

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Trade Desk Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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

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