Virtu Financial LLC Acquires Shares of 83,027 The Trade Desk $TTD

Virtu Financial LLC bought a new position in shares of The Trade Desk (NASDAQ:TTD) during the fourth quarter, Holdings Channel.com reports. The firm bought 83,027 shares of the technology company’s stock, valued at approximately $3,152,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TTD. State Street Corp lifted its stake in shares of Trade Desk by 271.1% in the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after purchasing an additional 26,559,005 shares during the period. Vanguard Group Inc. grew its stake in Trade Desk by 27.7% in the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after purchasing an additional 12,321,000 shares during the period. Norges Bank bought a new position in Trade Desk in the fourth quarter worth $197,550,000. Federated Hermes Inc. raised its holdings in Trade Desk by 1,041.1% in the fourth quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock worth $178,824,000 after purchasing an additional 4,298,009 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its holdings in Trade Desk by 676.6% in the fourth quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock worth $159,739,000 after purchasing an additional 3,666,189 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Rothschild & Co Redburn assumed coverage on shares of Trade Desk in a report on Thursday, May 28th. They set a “sell” rating and a $11.00 target price on the stock. Arete Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and set a $25.00 price target for the company in a research note on Monday, March 16th. HSBC cut shares of Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 price target for the company. in a research report on Monday, May 11th. Cantor Fitzgerald reissued a “neutral” rating and set a $22.00 price objective on shares of Trade Desk in a research note on Thursday, February 26th. Finally, UBS Group set a $31.00 price objective on shares of Trade Desk and gave the stock a “buy” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $33.91.

Insider Transactions at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the transaction, the director owned 13,099 shares in the company, valued at $276,912.86. The trade was a 80.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.41% of the stock is currently owned by insiders.

Trade Desk Trading Up 1.9%

Trade Desk stock opened at $18.51 on Friday. The business’s fifty day simple moving average is $21.55 and its two-hundred day simple moving average is $27.64. The Trade Desk has a 12 month low of $17.77 and a 12 month high of $91.45. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05.

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

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

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.