Louisiana State Employees Retirement System Boosts Stake in The Trade Desk $TTD

Louisiana State Employees Retirement System boosted its stake in shares of The Trade Desk (NASDAQ:TTD) by 70.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,900 shares of the technology company’s stock after purchasing an additional 23,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Trade Desk were worth $2,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Trade Desk by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock valued at $3,207,504,000 after buying an additional 317,107 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Trade Desk by 327.3% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,121,436 shares of the technology company’s stock worth $80,732,000 after acquiring an additional 858,978 shares during the period. LaFleur & Godfrey LLC purchased a new position in Trade Desk during the second quarter valued at approximately $5,029,000. Congress Park Capital LLC boosted 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. Finally, Schroder Investment Management Group boosted its position in shares of Trade Desk by 56.8% in the second quarter. Schroder Investment Management Group now owns 895,150 shares of the technology company’s stock worth $64,442,000 after purchasing an additional 324,173 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group restated a “buy” rating and set a $82.00 price objective (up from $80.00) on shares of Trade Desk in a research report on Friday, November 7th. Jefferies Financial Group set a $40.00 price target on Trade Desk and gave the company a “hold” rating in a report on Thursday, December 11th. Susquehanna dropped their price objective on Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Truist Financial decreased their target price on Trade Desk from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Cantor Fitzgerald set a $43.00 price target on Trade Desk and gave the stock a “neutral” rating in a research note on Thursday. Twenty-one research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.19.

Trade Desk Stock Performance

TTD stock opened at $37.29 on Friday. The firm has a fifty day moving average price of $39.80 and a 200 day moving average price of $53.64. The Trade Desk has a fifty-two week low of $35.65 and a fifty-two week high of $126.20. The firm has a market cap of $18.03 billion, a PE ratio of 42.86, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11.

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

Trade Desk announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Trade Desk Profile

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.