Avanza Fonder AB Buys 1,926 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Avanza Fonder AB boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 20.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,432 shares of the technology company’s stock after purchasing an additional 1,926 shares during the quarter. Avanza Fonder AB’s holdings in Trade Desk were worth $644,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Investment Management Corp VA ADV bought a new position in shares of Trade Desk in the fourth quarter valued at approximately $25,000. Rialto Wealth Management LLC purchased a new stake in Trade Desk in the 4th quarter worth approximately $26,000. Midwest Capital Advisors LLC bought a new position in Trade Desk in the 4th quarter valued at $34,000. Zions Bancorporation N.A. grew its position in shares of Trade Desk by 148.3% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock valued at $34,000 after purchasing an additional 175 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of Trade Desk during the 4th quarter valued at $39,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of TTD stock opened at $70.57 on Friday. The company has a market capitalization of $34.68 billion, a P/E ratio of 90.47, a PEG ratio of 3.11 and a beta of 1.41. The Trade Desk, Inc. has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The stock has a 50 day moving average price of $63.27 and a two-hundred day moving average price of $87.31.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 earnings per share. As a group, equities analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Insider Buying and Selling at Trade Desk

In other news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total value of $2,287,603.44. Following the sale, the director now directly owns 66,985 shares in the company, valued at approximately $5,350,761.80. This trade represents a 29.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $80.03, for a total value of $2,135,520.52. Following the transaction, the chief executive officer now directly owns 17,018 shares in the company, valued at $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TTD. Cantor Fitzgerald lowered their price objective on Trade Desk from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Robert W. Baird lowered their price target on Trade Desk from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Royal Bank of Canada cut their price objective on Trade Desk from $100.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Cfra Research raised shares of Trade Desk to a “moderate buy” rating in a research note on Tuesday, March 25th. Finally, HSBC set a $75.00 target price on shares of Trade Desk and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $97.15.

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.