Belpointe Asset Management LLC Has $1.16 Million Stock Position in The Trade Desk $TTD

Belpointe Asset Management LLC lifted its holdings in shares of The Trade Desk (NASDAQ:TTD) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,038 shares of the technology company’s stock after acquiring an additional 315 shares during the quarter. Belpointe Asset Management LLC’s holdings in Trade Desk were worth $1,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock worth $2,420,689,000 after acquiring an additional 1,567,491 shares during the period. Brown Advisory Inc. boosted its stake in shares of Trade Desk by 198.4% during the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock worth $443,358,000 after acquiring an additional 5,387,339 shares during the period. Nuveen LLC bought a new position in shares of Trade Desk during the 1st quarter worth approximately $191,935,000. Zevenbergen Capital Investments LLC boosted its stake in shares of Trade Desk by 3.7% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 2,169,273 shares of the technology company’s stock worth $118,703,000 after acquiring an additional 77,890 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Trade Desk by 8.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,000,184 shares of the technology company’s stock worth $109,450,000 after acquiring an additional 156,703 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Performance

NASDAQ:TTD opened at $53.49 on Wednesday. The stock has a fifty day moving average price of $55.76 and a 200-day moving average price of $62.82. The company has a market cap of $26.15 billion, a price-to-earnings ratio of 64.45, a PEG ratio of 2.84 and a beta of 1.38. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). The company had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. Research analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the transaction, the director owned 5,035 shares of the company’s stock, valued at approximately $242,687. The trade was a 21.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value of $4,676,622.20. Following the transaction, the insider directly owned 218,246 shares of the company’s stock, valued at $19,899,670.28. This trade represents a 19.03% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the subject of several research analyst reports. UBS Group reduced their target price on Trade Desk from $105.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Wells Fargo & Company set a $53.00 price target on Trade Desk and gave the company an “equal weight” rating in a research note on Monday. BMO Capital Markets reduced their price target on Trade Desk from $115.00 to $98.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Rosenblatt Securities restated a “buy” rating on shares of Trade Desk in a research note on Friday, August 8th. Finally, HSBC restated a “hold” rating and issued a $56.00 price target on shares of Trade Desk in a research note on Monday, August 11th. Twenty-one analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.48.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.