US Bancorp DE Has $20.10 Million Stock Position in The Trade Desk $TTD

US Bancorp DE lowered its position in The Trade Desk (NASDAQ:TTD) by 52.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 529,360 shares of the technology company’s stock after selling 573,697 shares during the period. US Bancorp DE’s holdings in Trade Desk were worth $20,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after buying an additional 169 shares in the last quarter. Tidemark LLC lifted its holdings in shares of Trade Desk by 35.1% during the 3rd quarter. Tidemark LLC now owns 943 shares of the technology company’s stock worth $46,000 after acquiring an additional 245 shares during the period. Cornerstone Wealth Group LLC boosted its position in shares of Trade Desk by 5.8% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 4,714 shares of the technology company’s stock valued at $231,000 after acquiring an additional 257 shares in the last quarter. Whittier Trust Co. increased its stake in Trade Desk by 13.5% in the third quarter. Whittier Trust Co. now owns 2,172 shares of the technology company’s stock valued at $112,000 after acquiring an additional 258 shares during the period. Finally, Howard Capital Management Inc. raised its position in Trade Desk by 2.3% in the fourth quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock worth $461,000 after purchasing an additional 275 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Up 2.7%

Shares of TTD stock opened at $24.23 on Friday. The firm has a market cap of $11.53 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 0.94 and a beta of 1.18. The Trade Desk has a 12 month low of $19.74 and a 12 month high of $91.45. The stock has a 50-day moving average price of $23.78 and a 200 day moving average price of $33.66.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. The company had revenue of $846.79 million for the quarter, compared to the consensus estimate of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. Sell-side analysts predict that The Trade Desk will post 1.27 earnings per share for the current fiscal year.

Trade Desk declared that its board has authorized a share buyback plan on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of recent research reports. Evercore reaffirmed an “outperform” rating on shares of Trade Desk in a report on Monday, February 23rd. Bank of America cut their target price on Trade Desk from $49.00 to $40.00 and set an “underperform” rating for the company in a research report on Tuesday, January 20th. Piper Sandler reaffirmed a “neutral” rating and issued a $28.00 price target (down from $50.00) on shares of Trade Desk in a research note on Monday, March 2nd. BMO Capital Markets lowered their price target on Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Finally, KeyCorp dropped their price objective on Trade Desk from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $41.38.

Insider Buying and Selling at Trade Desk

In related news, Director Kathryn E. Falberg sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 11.41% of the stock is currently owned by company insiders.

Trade Desk Company 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.