The Trade Desk $TTD Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in The Trade Desk (NASDAQ:TTD) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,279 shares of the technology company’s stock after purchasing an additional 1,408 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Trade Desk were worth $5,814,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Candriam S.C.A. grew its position in Trade Desk by 0.9% during the second quarter. Candriam S.C.A. now owns 25,571 shares of the technology company’s stock worth $1,841,000 after buying an additional 236 shares during the period. Calamos Advisors LLC purchased a new position in Trade Desk in the 2nd quarter valued at approximately $7,424,000. Police & Firemen s Retirement System of New Jersey raised its holdings in Trade Desk by 4.4% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 67,889 shares of the technology company’s stock worth $4,887,000 after purchasing an additional 2,834 shares during the last quarter. Geode Capital Management LLC boosted its position in 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. Finally, PNC Financial Services Group Inc. grew its holdings in Trade Desk by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 93,329 shares of the technology company’s stock valued at $6,719,000 after purchasing an additional 810 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

NASDAQ:TTD opened at $41.93 on Friday. The firm has a market cap of $20.50 billion, a PE ratio of 48.20, a P/E/G ratio of 2.08 and a beta of 1.43. The firm has a 50 day simple moving average of $48.79 and a 200-day simple moving average of $62.37. The Trade Desk has a 1-year low of $41.50 and a 1-year high of $141.53.

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

Trade Desk announced that its Board of Directors has initiated a share repurchase program on Thursday, November 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. HSBC reaffirmed a “hold” rating and set a $56.00 price target on shares of Trade Desk in a research note on Monday, August 11th. Oppenheimer lifted their target price on shares of Trade Desk from $80.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Piper Sandler lowered their price target on shares of Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. Guggenheim set a $55.00 price objective on shares of Trade Desk and gave the stock a “buy” rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada set a $80.00 target price on Trade Desk and gave the company an “outperform” rating in a research note on Friday, November 7th. Twenty-one investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $78.33.

Trade Desk Company Profile

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.