Cibc World Market Inc. Has $12.29 Million Holdings in The Trade Desk $TTD

Cibc World Market Inc. lifted its position in shares of The Trade Desk (NASDAQ:TTD) by 204.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 323,827 shares of the technology company’s stock after purchasing an additional 217,627 shares during the quarter. Cibc World Market Inc.’s holdings in Trade Desk were worth $12,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Elevation Wealth Partners LLC grew its holdings in shares of Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after purchasing an additional 691 shares in the last quarter. Binnacle Investments Inc acquired a new stake in shares of Trade Desk during the 3rd quarter worth approximately $37,000. Y.D. More Investments Ltd grew its holdings in shares of Trade Desk by 92.3% during the 3rd quarter. Y.D. More Investments Ltd now owns 769 shares of the technology company’s stock worth $38,000 after purchasing an additional 369 shares in the last quarter. Albion Financial Group UT acquired a new stake in Trade Desk in the 4th quarter valued at $30,000. Finally, Caitlin John LLC acquired a new stake in Trade Desk in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of TTD opened at $19.95 on Friday. The stock has a fifty day moving average price of $22.05 and a two-hundred day moving average price of $29.00. The Trade Desk has a 52-week low of $19.74 and a 52-week high of $91.45. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 0.97 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 (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, research analysts predict that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 25th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of Trade Desk 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 completion of the transaction, the director owned 13,099 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders own 11.41% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the topic of several recent analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $24.00 price target on shares of Trade Desk in a research note on Friday, May 8th. William Blair lowered Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. UBS Group set a $31.00 price target on Trade Desk and gave the company a “buy” rating in a research note on Tuesday, April 21st. BMO Capital Markets decreased their price target on Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Finally, Guggenheim decreased their price target on Trade Desk from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Trade Desk presently has a consensus rating of “Hold” and an average price target 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.