Swedbank AB Reduces Stake in The Trade Desk $TTD

Swedbank AB cut its holdings in shares of The Trade Desk (NASDAQ:TTD) by 40.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 327,232 shares of the technology company’s stock after selling 225,028 shares during the quarter. Swedbank AB owned 0.07% of Trade Desk worth $16,038,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Trade Desk by 52.1% in the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock worth $884,860,000 after acquiring an additional 4,218,975 shares during the period. Norges Bank purchased a new stake in Trade Desk in the second quarter valued at $197,362,000. Viking Global Investors LP acquired a new stake in Trade Desk during the 2nd quarter worth about $192,524,000. Jennison Associates LLC raised its stake in shares of Trade Desk by 17.9% during the 2nd quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock valued at $1,027,114,000 after buying an additional 2,169,252 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Trade Desk by 255.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company’s stock valued at $96,132,000 after buying an additional 1,262,492 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Price Performance

Shares of TTD stock opened at $38.31 on Friday. The Trade Desk has a 1-year low of $35.65 and a 1-year high of $127.59. The company has a market cap of $18.53 billion, a price-to-earnings ratio of 44.03, a PEG ratio of 1.90 and a beta of 1.07. The stock has a 50 day simple moving average of $42.55 and a 200-day simple moving average of $55.81.

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

Trade Desk declared that its Board of Directors has authorized a share buyback plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TTD. JMP Securities set a $60.00 target price on Trade Desk and gave the stock a “market outperform” rating in a research note on Tuesday, September 30th. Morgan Stanley downgraded Trade Desk from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $80.00 to $50.00 in a report on Wednesday, September 10th. Jefferies Financial Group set a $40.00 price objective on shares of Trade Desk and gave the stock a “hold” rating in a research note on Thursday, December 11th. Citigroup reiterated an “outperform” rating on shares of Trade Desk in a research note on Tuesday, September 30th. Finally, Needham & Company LLC lowered their price target on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.56.

About Trade Desk

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.