Principal Financial Group Inc. Acquires 369,345 Shares of The Trade Desk $TTD

Principal Financial Group Inc. boosted its holdings in shares of The Trade Desk (NASDAQ:TTD) by 325.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 482,666 shares of the technology company’s stock after acquiring an additional 369,345 shares during the quarter. Principal Financial Group Inc. owned 0.10% of Trade Desk worth $23,655,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TTD. Transce3nd LLC bought a new position in Trade Desk during the 2nd quarter worth $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Trade Desk in the second quarter valued at about $28,000. Estabrook Capital Management bought a new position in shares of Trade Desk during the second quarter worth about $36,000. Family Legacy Financial Solutions LLC raised its position in shares of Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after acquiring an additional 310 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Trade Desk by 175.8% in the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after acquiring an additional 334 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of TTD opened at $27.03 on Friday. The Trade Desk has a one year low of $26.01 and a one year high of $125.80. The company has a market cap of $13.07 billion, a PE ratio of 31.07, a P/E/G ratio of 1.06 and a beta of 1.10. The stock has a 50-day moving average of $36.08 and a 200-day moving average of $47.55.

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, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Analysts expect that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have weighed in on TTD. Zacks Research raised shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Cfra Research downgraded shares of Trade Desk from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada set a $80.00 target price on shares of Trade Desk and gave the company an “outperform” rating in a report on Friday, November 7th. Cantor Fitzgerald set a $43.00 price target on Trade Desk and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Cannonball Research raised Trade Desk to a “strong-buy” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $63.91.

Trade Desk Company 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.