Jennison Associates LLC Buys 2,169,252 Shares of The Trade Desk $TTD

Jennison Associates LLC increased its stake in The Trade Desk (NASDAQ:TTD) by 17.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,267,457 shares of the technology company’s stock after purchasing an additional 2,169,252 shares during the period. Jennison Associates LLC’s holdings in Trade Desk were worth $1,027,114,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. LaFleur & Godfrey LLC bought a new position in shares of Trade Desk in the second quarter worth $5,029,000. Congress Park Capital LLC increased its position in shares of Trade Desk by 13.2% in the second quarter. Congress Park Capital LLC now owns 53,781 shares of the technology company’s stock worth $3,872,000 after purchasing an additional 6,257 shares during the period. Swedbank AB increased its position in shares of Trade Desk by 32.2% in the second quarter. Swedbank AB now owns 552,260 shares of the technology company’s stock worth $39,757,000 after purchasing an additional 134,620 shares during the period. First Bank & Trust grew its position in Trade Desk by 137.6% in the second quarter. First Bank & Trust now owns 23,166 shares of the technology company’s stock valued at $1,668,000 after acquiring an additional 13,418 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in Trade Desk in the second quarter valued at about $845,000. Institutional investors own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the sale, the director directly owned 5,035 shares in the company, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jay R. Grant sold 51,290 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the sale, the insider owned 218,246 shares in the company, valued at $19,899,670.28. The trade was a 19.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. HSBC reiterated a “hold” rating and issued a $56.00 target price on shares of Trade Desk in a research report on Monday, August 11th. Wall Street Zen cut Trade Desk from a “hold” rating to a “sell” rating in a research report on Monday, September 1st. JMP Securities set a $60.00 target price on Trade Desk and gave the company a “market outperform” rating in a research report on Tuesday, September 30th. Bank of America reiterated an “underperform” rating and issued a $55.00 target price (down previously from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Finally, Zacks Research cut Trade Desk from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $84.48.

Trade Desk Price Performance

Trade Desk stock opened at $51.67 on Wednesday. The business has a 50 day moving average of $50.66 and a 200-day moving average of $62.80. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The company has a market capitalization of $25.26 billion, a P/E ratio of 62.25, a P/E/G ratio of 2.86 and a beta of 1.38.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. During the same period in the prior year, the company earned $0.39 EPS. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. Equities analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk Company 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.