Eurizon Capital SGR S.p.A. Makes New Investment in The Trade Desk $TTD

Eurizon Capital SGR S.p.A. acquired a new position in The Trade Desk (NASDAQ:TTD) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 40,290 shares of the technology company’s stock, valued at approximately $1,530,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings 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. State Street Corp boosted its holdings in Trade Desk by 271.1% in the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after purchasing an additional 26,559,005 shares during the period. Invesco Ltd. boosted its holdings in Trade Desk by 101.0% in the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after purchasing an additional 3,421,074 shares during the period. Jericho Capital Asset Management L.P. boosted its holdings in Trade Desk by 86.3% in the third quarter. Jericho Capital Asset Management L.P. now owns 4,067,000 shares of the technology company’s stock worth $199,324,000 after purchasing an additional 1,884,000 shares during the period. Finally, Northern Trust Corp boosted its holdings in Trade Desk by 34.3% in the third quarter. Northern Trust Corp now owns 3,893,963 shares of the technology company’s stock worth $190,843,000 after purchasing an additional 993,739 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In related news, Director Kathryn E. Falberg sold 50,000 shares of Trade Desk stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $30.48, for a total transaction of $1,524,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the sale, the director 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 206,509 shares of company stock worth $5,789,929. Company insiders own 11.41% of the company’s stock.

Trade Desk Stock Down 9.1%

Shares of NASDAQ TTD opened at $21.11 on Wednesday. The Trade Desk has a fifty-two week low of $19.74 and a fifty-two week high of $91.45. The firm’s 50-day simple moving average is $22.25 and its 200 day simple moving average is $29.53. The stock has a market cap of $9.93 billion, a P/E ratio of 23.99, a P/E/G ratio of 1.12 and a beta of 1.05.

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 analysts’ consensus estimates of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The company had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. Trade Desk’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, sell-side analysts anticipate that The Trade Desk will post 1.17 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TTD shares. Rosenblatt Securities reduced their price target on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, May 8th. BMO Capital Markets reduced their price target on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. William Blair downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. HSBC downgraded shares of Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 price target for the company. in a report on Monday, May 11th. Finally, Benchmark reduced their price target on shares of Trade Desk from $40.00 to $30.00 and set a “buy” rating for the company in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.91.

Trade Desk 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.