Bank of New York Mellon Corp Sells 134,877 Shares of The Trade Desk $TTD

Bank of New York Mellon Corp lessened its stake in The Trade Desk (NASDAQ:TTD) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,847,358 shares of the technology company’s stock after selling 134,877 shares during the period. Bank of New York Mellon Corp’s holdings in Trade Desk were worth $132,991,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in TTD. Brighton Jones LLC increased its stake in Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares during the last quarter. Bison Wealth LLC lifted its stake in Trade Desk by 24.3% during the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after purchasing an additional 485 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Trade Desk by 11.8% in the 1st quarter. OneDigital Investment Advisors LLC now owns 7,849 shares of the technology company’s stock worth $429,000 after purchasing an additional 829 shares in the last quarter. World Investment Advisors increased its position in shares of Trade Desk by 10.6% during the 1st quarter. World Investment Advisors now owns 10,138 shares of the technology company’s stock valued at $555,000 after purchasing an additional 975 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in shares of Trade Desk by 7.0% during the 1st quarter. Concurrent Investment Advisors LLC now owns 10,507 shares of the technology company’s stock valued at $575,000 after purchasing an additional 688 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Down 3.8%

NASDAQ:TTD opened at $45.90 on Friday. The firm has a market capitalization of $22.44 billion, a P/E ratio of 55.30, a P/E/G ratio of 2.55 and a beta of 1.43. The company has a fifty day moving average of $50.03 and a 200 day moving average of $62.66. The Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. Trade Desk has set its Q4 2025 guidance at EPS. As a group, analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its board has initiated a stock buyback plan on Thursday, November 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $84.00 target price on shares of Trade Desk in a research note on Monday, September 8th. Citigroup restated an “outperform” rating on shares of Trade Desk in a report on Tuesday, September 30th. Stifel Nicolaus reduced their target price on shares of Trade Desk from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Moffett Nathanson cut shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 target price on the stock. in a research report on Friday, August 8th. Finally, BMO Capital Markets cut their price target on shares of Trade Desk from $115.00 to $98.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Twenty equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Trade Desk presently has an average rating of “Hold” and a consensus price target of $84.48.

Insider Transactions at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director owned 5,035 shares in the company, valued at $242,687. The trade was a 21.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.00% of the stock is currently owned by corporate insiders.

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.