BIT Capital GmbH Has $20.24 Million Stock Position in The Trade Desk $TTD

BIT Capital GmbH reduced its stake in The Trade Desk (NASDAQ:TTD) by 8.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 413,040 shares of the technology company’s stock after selling 39,804 shares during the quarter. BIT Capital GmbH owned approximately 0.08% of Trade Desk worth $20,243,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Transce3nd LLC purchased a new position in Trade Desk during the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Trade Desk in the 2nd quarter worth approximately $28,000. Estabrook Capital Management bought a new stake in Trade Desk in the 2nd quarter worth about $36,000. Family Legacy Financial Solutions LLC grew its stake in shares of Trade Desk by 163.2% in 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 period. Finally, Versant Capital Management Inc raised its holdings in shares of Trade Desk by 175.8% during the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after purchasing an additional 334 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

NASDAQ TTD opened at $25.24 on Friday. The business has a fifty day moving average price of $33.76 and a 200 day moving average price of $44.08. The company has a market cap of $12.21 billion, a P/E ratio of 29.01, a P/E/G ratio of 1.00 and a beta of 1.10. The Trade Desk has a one year low of $24.84 and a one year high of $91.45.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TTD shares. Bank of America reduced their price objective on Trade Desk from $49.00 to $40.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th. Cannonball Research upgraded Trade Desk to a “strong-buy” rating in a research report on Monday, January 12th. Jefferies Financial Group set a $40.00 target price on shares of Trade Desk and gave the company a “hold” rating in a research note on Thursday, December 11th. Wedbush reduced their target price on shares of Trade Desk from $50.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, December 8th. Finally, Stifel Nicolaus set a $74.00 target price on shares of Trade Desk and gave the stock a “buy” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $58.94.

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.