The Trade Desk $TTD Position Increased by Strategic Advisors LLC

Strategic Advisors LLC grew its position in The Trade Desk (NASDAQ:TTD) by 80.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,629 shares of the technology company’s stock after buying an additional 46,197 shares during the quarter. Trade Desk makes up approximately 0.8% of Strategic Advisors LLC’s portfolio, making the stock its 27th largest position. Strategic Advisors LLC’s holdings in Trade Desk were worth $5,079,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Trade Desk by 0.7% during the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock worth $3,207,504,000 after purchasing an additional 317,107 shares during the period. Jennison Associates LLC boosted 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 period. Geode Capital Management LLC grew its holdings in shares of Trade Desk by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after acquiring an additional 4,218,975 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Trade Desk by 2.7% in the second quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock worth $599,212,000 after acquiring an additional 221,228 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Trade Desk by 22.4% during the second quarter. Invesco Ltd. now owns 3,386,897 shares of the technology company’s stock worth $243,823,000 after acquiring an additional 618,787 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Trading Down 1.0%

Shares of Trade Desk stock opened at $31.87 on Thursday. The Trade Desk has a 1-year low of $31.83 and a 1-year high of $125.80. The firm has a fifty day simple moving average of $37.58 and a 200-day simple moving average of $50.07. The stock has a market capitalization of $15.41 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 1.26 and a beta of 1.11.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, topping 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 firm had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. During the same quarter last year, the firm posted $0.41 EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, research analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk declared that its board has approved a stock buyback plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in 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 generally an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have weighed in on TTD. Needham & Company LLC dropped their target price on Trade Desk from $84.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Cantor Fitzgerald set a $43.00 price objective on Trade Desk and gave the stock a “neutral” rating in a report on Thursday, January 8th. Jefferies Financial Group set a $40.00 price objective on shares of Trade Desk and gave the company a “hold” rating in a research report on Thursday, December 11th. Truist Financial set a $60.00 target price on shares of Trade Desk and gave the stock a “buy” rating in a research report on Monday. Finally, Cannonball Research upgraded shares of Trade Desk to a “strong-buy” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.53.

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.