Allianz SE Cuts Stock Position in The Trade Desk $TTD

Allianz SE decreased its position in shares of The Trade Desk (NASDAQ:TTD) by 89.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 840 shares of the technology company’s stock after selling 7,292 shares during the period. Allianz SE’s holdings in Trade Desk were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Trade Desk by 52.1% during the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock worth $884,860,000 after purchasing an additional 4,218,975 shares in the last quarter. Nuveen LLC purchased a new position in Trade Desk during the 1st quarter worth $191,935,000. Jennison Associates LLC grew its stake in Trade Desk by 17.9% during the 2nd quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock worth $1,027,114,000 after buying an additional 2,169,252 shares during the last quarter. Vanguard Group Inc. increased its position in Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock valued at $2,420,689,000 after buying an additional 1,567,491 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Trade Desk by 255.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company’s stock valued at $96,132,000 after buying an additional 1,262,492 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the transaction, the director directly owned 5,035 shares of the company’s stock, valued at $242,687. The trade was a 21.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is owned by insiders.

Trade Desk Stock Down 2.2%

Shares of TTD stock opened at $41.93 on Friday. The Trade Desk has a 52-week low of $41.50 and a 52-week high of $141.53. The stock has a market cap of $20.50 billion, a PE ratio of 48.20, a price-to-earnings-growth ratio of 2.12 and a beta of 1.43. The business has a 50-day simple moving average of $48.79 and a 200-day simple moving average of $62.32.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. During the same period last year, the company earned $0.41 earnings per share. Trade Desk’s revenue for the quarter was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has approved a stock buyback plan on Thursday, November 6th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

TTD has been the topic of a number of research analyst reports. HSBC restated a “hold” rating and set a $56.00 price target on shares of Trade Desk in a research note on Monday, August 11th. UBS Group reissued a “buy” rating and set a $82.00 target price (up previously from $80.00) on shares of Trade Desk in a research report on Friday, November 7th. Morgan Stanley cut shares of Trade Desk from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $80.00 to $50.00 in a report on Wednesday, September 10th. Susquehanna lowered their price objective on shares of Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Finally, Wedbush reissued a “neutral” rating and set a $50.00 price objective on shares of Trade Desk in a report on Friday, November 7th. Twenty-one equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Trade Desk currently has a consensus rating of “Hold” and an average price target of $78.33.

About Trade Desk

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.