Congress Asset Management Co. Has $376,000 Stock Holdings in The Trade Desk $TTD

Congress Asset Management Co. lowered its position in The Trade Desk (NASDAQ:TTD) by 99.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,663 shares of the technology company’s stock after selling 1,448,081 shares during the quarter. Congress Asset Management Co.’s holdings in Trade Desk were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Family Legacy Financial Solutions LLC boosted its holdings in shares of Trade Desk by 163.2% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after buying an additional 310 shares during the period. Sound Income Strategies LLC raised its holdings in Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after acquiring an additional 270 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in Trade Desk during the 2nd quarter worth $28,000. Transce3nd LLC bought a new stake in Trade Desk during the 2nd quarter valued at approximately $28,000. Finally, West Oak Capital LLC grew its stake in shares of Trade Desk by 466.7% in the second quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TTD. Citigroup restated an “outperform” rating on shares of Trade Desk in a research note on Tuesday, September 30th. Royal Bank Of Canada set a $80.00 price objective on Trade Desk and gave the stock an “outperform” rating in a research note on Friday, November 7th. Zacks Research raised shares of Trade Desk from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Wells Fargo & Company dropped their price objective on shares of Trade Desk from $53.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Finally, Morgan Stanley cut Trade Desk from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $80.00 to $50.00 in a report on Wednesday, September 10th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average target price of $76.56.

Trade Desk Stock Up 0.4%

NASDAQ:TTD opened at $37.44 on Wednesday. The stock’s 50 day moving average price is $43.28 and its two-hundred day moving average price is $56.29. The Trade Desk has a twelve month low of $35.65 and a twelve month high of $127.59. The firm has a market capitalization of $18.11 billion, a price-to-earnings ratio of 43.03, a price-to-earnings-growth ratio of 1.86 and a beta of 1.07.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The business had revenue of $739.43 million for the quarter, compared to analysts’ expectations of $719.11 million. During the same quarter in the prior year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk declared that its board has approved a share buyback program on Thursday, November 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

About Trade Desk

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.