Commonwealth Equity Services LLC Sells 18,056 Shares of The Trade Desk $TTD

Commonwealth Equity Services LLC reduced its holdings in shares of The Trade Desk (NASDAQ:TTD) by 7.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 215,252 shares of the technology company’s stock after selling 18,056 shares during the period. Commonwealth Equity Services LLC’s holdings in Trade Desk were worth $10,549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC grew its stake in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares during the period. Bison Wealth LLC boosted its holdings in shares of Trade Desk by 24.3% during the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after buying an additional 485 shares in the last quarter. Woodline Partners LP grew its position in shares of Trade Desk by 75.5% during the 1st quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after buying an additional 2,269 shares during the period. Focus Partners Wealth increased its stake in shares of Trade Desk by 236.3% in the 1st quarter. Focus Partners Wealth now owns 153,051 shares of the technology company’s stock valued at $8,375,000 after acquiring an additional 107,538 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Trade Desk during the 1st quarter valued at $13,872,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $37.29 on Monday. The stock has a market cap 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 Trade Desk has a fifty-two week low of $35.65 and a fifty-two week high of $126.20. The firm’s 50-day simple moving average is $39.80 and its 200 day simple moving average is $53.40.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, topping 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 firm had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 million. During the same period in the previous year, the company posted $0.41 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, sell-side analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its board has initiated a share buyback 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 often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have commented on TTD shares. Benchmark upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Friday, November 7th. Jefferies Financial Group set a $40.00 price objective on shares of Trade Desk and gave the stock a “hold” rating in a research report on Thursday, December 11th. UBS Group reaffirmed a “buy” rating and issued a $82.00 target price (up from $80.00) on shares of Trade Desk in a research report on Friday, November 7th. Citigroup reiterated an “outperform” rating on shares of Trade Desk in a report on Tuesday, September 30th. Finally, Evercore ISI reduced their price objective on Trade Desk from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Twenty-one 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.19.

Trade Desk Profile

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.