Hsbc Holdings PLC Has $39.12 Million Stake in The Trade Desk $TTD

Hsbc Holdings PLC raised its holdings in The Trade Desk (NASDAQ:TTD) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,027,963 shares of the technology company’s stock after purchasing an additional 109,297 shares during the quarter. Hsbc Holdings PLC’s holdings in Trade Desk were worth $39,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares during the last quarter. Howard Capital Management Inc. increased its stake in shares of Trade Desk by 2.3% in the fourth quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock valued at $461,000 after buying an additional 275 shares in the last quarter. Insigneo Advisory Services LLC raised its holdings in shares of Trade Desk by 3.6% in the third quarter. Insigneo Advisory Services LLC now owns 8,632 shares of the technology company’s stock valued at $423,000 after buying an additional 298 shares during the last quarter. Tema Etfs LLC raised its holdings in shares of Trade Desk by 4.1% in the fourth quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock valued at $288,000 after buying an additional 302 shares during the last quarter. Finally, Visionary Wealth Advisors lifted its position in Trade Desk by 3.3% during the 2nd quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock worth $728,000 after buying an additional 327 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

TTD opened at $17.93 on Wednesday. The firm has a 50 day simple moving average of $21.42 and a 200 day simple moving average of $27.19. The Trade Desk has a fifty-two week low of $17.21 and a fifty-two week high of $91.45. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 0.87 and a beta of 1.05.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data 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). 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 period in the previous year, the business posted $0.33 earnings per share. Trade Desk’s revenue was up 11.8% compared to the same quarter last year. As a group, analysts expect that The Trade Desk will post 1.17 EPS for the current year.

Trade Desk declared that its Board of Directors has initiated a share buyback 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 buy up to 2.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of the firm’s 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 directly owned 13,099 shares in the company, valued at $276,912.86. This trade represents a 80.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TTD. Morgan Stanley set a $26.00 price objective on shares of Trade Desk in a report on Friday, May 8th. UBS Group set a $31.00 target price on shares of Trade Desk and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Scotiabank set a $20.00 price target on shares of Trade Desk in a research note on Monday, May 11th. New Street Research cut shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price objective for the company. in a research report on Thursday, February 26th. Finally, Rosenblatt Securities reduced their price objective on Trade Desk from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Hold” and an average 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.