Ethic Inc. Acquires 16,706 Shares of The Trade Desk $TTD

Ethic Inc. increased its holdings in shares of The Trade Desk (NASDAQ:TTD) by 295.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,363 shares of the technology company’s stock after purchasing an additional 16,706 shares during the quarter. Ethic Inc.’s holdings in Trade Desk were worth $1,096,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after buying an additional 169 shares during the last quarter. Bison Wealth LLC boosted its position in Trade Desk by 24.3% during the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after purchasing an additional 485 shares during the last quarter. State of Wyoming bought a new position in Trade Desk in the first quarter valued at approximately $80,000. Federation des caisses Desjardins du Quebec increased its position in shares of Trade Desk by 0.6% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 41,510 shares of the technology company’s stock worth $2,272,000 after purchasing an additional 260 shares during the last quarter. Finally, EFG Asset Management North America Corp. raised its stake in shares of Trade Desk by 10.7% during the 1st quarter. EFG Asset Management North America Corp. now owns 40,201 shares of the technology company’s stock worth $2,199,000 after purchasing an additional 3,901 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTD has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on shares of Trade Desk from $53.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Guggenheim set a $55.00 price objective on shares of Trade Desk and gave the company a “buy” rating in a research report on Monday, September 29th. Royal Bank Of Canada set a $80.00 price objective on shares of Trade Desk and gave the stock an “outperform” rating in a research note on Friday, November 7th. Evercore ISI cut their target price on shares of Trade Desk from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Finally, Citigroup reiterated an “outperform” rating on shares of Trade Desk in a report on Tuesday, September 30th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $74.03.

Trade Desk Stock Performance

Shares of TTD opened at $37.68 on Friday. The Trade Desk has a 52 week low of $35.65 and a 52 week high of $127.59. The firm has a market cap of $18.22 billion, a P/E ratio of 43.31, a price-to-earnings-growth ratio of 1.49 and a beta of 1.11. The firm’s 50-day simple moving average is $41.03 and its 200 day simple moving average is $54.67.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The firm had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. During the same period last year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities analysts forecast that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has authorized a share buyback program on Thursday, November 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board 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.