The Manufacturers Life Insurance Company Buys 45,543 Shares of The Trade Desk $TTD

The Manufacturers Life Insurance Company raised its stake in The Trade Desk (NASDAQ:TTD) by 18.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 296,532 shares of the technology company’s stock after purchasing an additional 45,543 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of Trade Desk worth $6,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Quantinno Capital Management LP increased its position in Trade Desk by 330.0% during the 1st quarter. Quantinno Capital Management LP now owns 1,496,748 shares of the technology company’s stock valued at $33,961,000 after buying an additional 1,148,680 shares in the last quarter. OMERS ADMINISTRATION Corp raised its position in Trade Desk by 23.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 86,959 shares of the technology company’s stock worth $1,973,000 after buying an additional 16,377 shares during the last quarter. Wealth Alliance LLC lifted its position in Trade Desk by 30.7% during the first quarter. Wealth Alliance LLC now owns 9,690 shares of the technology company’s stock valued at $220,000 after purchasing an additional 2,277 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Trade Desk by 59.0% in the 1st quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock valued at $123,446,000 after buying an additional 2,018,525 shares during the period. Finally, Caxton Associates LLP lifted its holdings in Trade Desk by 85.5% in the first quarter. Caxton Associates LLP now owns 198,671 shares of the technology company’s stock valued at $4,508,000 after acquiring an additional 91,560 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Down 2.0%

NASDAQ:TTD opened at $18.96 on Thursday. The Trade Desk has a 52 week low of $16.70 and a 52 week high of $91.45. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 0.94 and a beta of 1.04. The company has a fifty day simple moving average of $19.04 and a two-hundred day simple moving average of $22.98.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results 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). 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 for the quarter, compared to analysts’ expectations of $678.87 million. During the same quarter last year, the company earned $0.33 EPS. Trade Desk’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, analysts expect that The Trade Desk will post 1.17 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on TTD shares. Wedbush set a $21.00 price objective on shares of Trade Desk and gave the stock a “neutral” rating in a research report on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of Trade Desk in a research note on Monday. Rothschild & Co Redburn assumed coverage on Trade Desk in a report on Thursday, May 28th. They set a “sell” rating and a $11.00 target price on the stock. Benchmark reissued a “buy” rating on shares of Trade Desk in a report on Monday. Finally, Royal Bank Of Canada set a $33.00 price objective on Trade Desk and gave the stock an “outperform” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.50.

Insider Buying and Selling

In related news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction 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 transaction, the director owned 13,099 shares of the company’s stock, valued at $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 11.41% of the stock is 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.