The Trade Desk $TTD Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. trimmed its holdings in The Trade Desk (NASDAQ:TTD) by 91.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,335 shares of the technology company’s stock after selling 68,238 shares during the period. Hantz Financial Services Inc.’s holdings in Trade Desk were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Penserra Capital Management LLC lifted its holdings in shares of Trade Desk by 272.0% in the third quarter. Penserra Capital Management LLC now owns 9,178 shares of the technology company’s stock valued at $448,000 after purchasing an additional 6,711 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Trade Desk by 38.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 115,278 shares of the technology company’s stock worth $5,435,000 after purchasing an additional 31,989 shares during the last quarter. United Community Bank raised its position in shares of Trade Desk by 69.2% during the 3rd quarter. United Community Bank now owns 5,355 shares of the technology company’s stock worth $262,000 after purchasing an additional 2,190 shares during the last quarter. Mediolanum International Funds Ltd lifted its stake in Trade Desk by 4.1% in the 3rd quarter. Mediolanum International Funds Ltd now owns 98,307 shares of the technology company’s stock valued at $4,880,000 after buying an additional 3,827 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Trade Desk by 325.9% during the 3rd quarter. Principal Financial Group Inc. now owns 482,666 shares of the technology company’s stock valued at $23,655,000 after buying an additional 369,345 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTD has been the subject of a number of analyst reports. Weiss Ratings cut Trade Desk from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 27th. Jefferies Financial Group set a $40.00 price objective on Trade Desk and gave the stock a “hold” rating in a research report on Thursday, December 11th. Truist Financial set a $60.00 target price on shares of Trade Desk and gave the company a “buy” rating in a research note on Monday, January 26th. Citigroup decreased their price target on shares of Trade Desk from $50.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 27th. Finally, Needham & Company LLC lowered their price target on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating for the company in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.91.

Trade Desk Price Performance

TTD opened at $27.03 on Monday. The Trade Desk has a 12 month low of $26.01 and a 12 month high of $125.80. The business has a 50-day moving average of $36.08 and a two-hundred day moving average of $47.29. The stock has a market capitalization of $13.07 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 1.06 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last released its 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. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business had revenue of $739.43 million for the quarter, compared to analysts’ expectations of $719.11 million. During the same period last year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Equities research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

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.