Daiwa Securities Group Inc. Cuts Stock Holdings in The Trade Desk $TTD

Daiwa Securities Group Inc. reduced its position in shares of The Trade Desk (NASDAQ:TTD) by 25.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,974 shares of the technology company’s stock after selling 26,903 shares during the period. Daiwa Securities Group Inc.’s holdings in Trade Desk were worth $2,998,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Elevation Wealth Partners LLC increased its stake in Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after buying an additional 691 shares in the last quarter. Albion Financial Group UT purchased a new stake in Trade Desk during the 4th quarter worth approximately $30,000. CVA Family Office LLC increased its stake in Trade Desk by 62.1% during the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after buying an additional 344 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Trade Desk during the 4th quarter worth approximately $35,000. Finally, Binnacle Investments Inc purchased a new stake in Trade Desk during the 3rd quarter worth approximately $37,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTD has been the subject of several research reports. Royal Bank Of Canada set a $33.00 price objective on Trade Desk and gave the stock an “outperform” rating in a research note on Friday, May 8th. Wells Fargo & Company set a $20.00 price target on Trade Desk and gave the company an “equal weight” rating in a research report on Friday, May 8th. Benchmark dropped their price target on Trade Desk from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Jefferies Financial Group restated a “hold” rating on shares of Trade Desk in a research report on Tuesday, March 17th. Finally, Morgan Stanley set a $26.00 price target on Trade Desk in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Trade Desk currently has an average rating of “Hold” and an average target price of $33.91.

Insiders Place Their Bets

In related news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the transaction, the director directly owned 13,099 shares in the company, valued at approximately $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.41% of the company’s stock.

Trade Desk Price Performance

TTD stock opened at $19.89 on Wednesday. The firm has a market capitalization of $9.35 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 0.94 and a beta of 1.05. The Trade Desk has a 1 year low of $19.06 and a 1 year high of $91.45. The business has a 50 day simple moving average of $21.98 and a 200-day simple moving average of $28.63.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.24). The business had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 earnings per share. On average, equities research analysts expect that The Trade Desk will post 1.17 EPS for the current year.

Trade Desk declared that its Board of Directors has authorized a stock repurchase program on Wednesday, February 25th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

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.