The Trade Desk $TTD Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in shares of The Trade Desk (NASDAQ:TTD) by 39.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 24,121 shares of the technology company’s stock after selling 15,726 shares during the period. D.A. Davidson & CO.’s holdings in Trade Desk were worth $1,182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTD. Vanguard Group Inc. boosted its holdings in shares of Trade Desk by 0.7% during the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock worth $3,207,504,000 after purchasing an additional 317,107 shares during the last quarter. Jennison Associates LLC increased its stake in Trade Desk by 17.9% in the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock valued at $1,027,114,000 after purchasing an additional 2,169,252 shares during the last quarter. Geode Capital Management LLC lifted 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 buying an additional 4,218,975 shares during the period. Brown Advisory Inc. boosted its stake in Trade Desk by 2.7% in the 2nd quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock worth $599,212,000 after buying an additional 221,228 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Trade Desk by 22.4% in the 2nd quarter. Invesco Ltd. now owns 3,386,897 shares of the technology company’s stock valued at $243,823,000 after buying an additional 618,787 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTD has been the subject of a number of research analyst reports. Cantor Fitzgerald set a $43.00 price objective on shares of Trade Desk and gave the company a “neutral” rating in a research note on Thursday. Zacks Research raised shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Guggenheim reissued a “buy” rating and set a $50.00 price objective (down from $55.00) on shares of Trade Desk in a research note on Monday, January 5th. DA Davidson dropped their price objective on Trade Desk from $80.00 to $54.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, Susquehanna cut their target price on Trade Desk from $135.00 to $85.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $71.19.

Trade Desk Trading Down 0.0%

NASDAQ:TTD opened at $37.29 on Friday. The firm has a market capitalization of $18.03 billion, a price-to-earnings ratio of 42.86, a PEG ratio of 1.46 and a beta of 1.11. The firm’s fifty day simple moving average is $39.80 and its 200 day simple moving average is $53.51. The Trade Desk has a twelve month low of $35.65 and a twelve month high of $126.20.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. On average, analysts predict 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 repurchase program on Thursday, November 6th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is 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.