The Trade Desk $TTD Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd trimmed its position in shares of The Trade Desk (NASDAQ:TTD) by 39.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,317 shares of the technology company’s stock after selling 27,352 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Trade Desk were worth $1,568,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Trade Desk by 27.7% during the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after acquiring an additional 12,321,000 shares during the last quarter. State Street Corp grew its holdings in Trade Desk by 271.1% during the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after acquiring an additional 26,559,005 shares in the last quarter. Invesco Ltd. grew its holdings in Trade Desk by 101.0% during the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after acquiring an additional 3,421,074 shares in the last quarter. Norges Bank acquired a new position in Trade Desk during the 4th quarter worth $197,550,000. Finally, Jericho Capital Asset Management L.P. lifted its position in shares of Trade Desk by 86.3% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,067,000 shares of the technology company’s stock worth $199,324,000 after buying an additional 1,884,000 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Trade Desk

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the business’s 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 directly owned 13,099 shares in the company, valued at approximately $276,912.86. The trade was a 80.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.41% of the company’s stock.

Analysts Set New Price Targets

A number of research 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 on the stock in a research report on Friday, May 8th. Truist Financial set a $35.00 price target on shares of Trade Desk and gave the stock a “buy” rating in a research report on Friday, May 8th. Guggenheim reduced their price target on shares of Trade Desk from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Evercore set a $27.00 price target on shares of Trade Desk in a research report on Friday, May 8th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $22.00 price target on shares of Trade Desk in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $33.91.

Trade Desk Stock Down 5.1%

Trade Desk stock opened at $19.95 on Friday. The firm has a 50-day moving average price of $22.05 and a two-hundred day moving average price of $29.00. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.02 and a beta of 1.05. The Trade Desk has a 52-week low of $19.74 and a 52-week high of $91.45.

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

Trade Desk announced that its board has approved a share repurchase program on Wednesday, February 25th that authorizes the company to buyback $350.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management 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.