Aberdeen Group plc Raises Stake in The Trade Desk $TTD

Aberdeen Group plc increased its holdings in shares of The Trade Desk (NASDAQ:TTD) by 36.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,883 shares of the technology company’s stock after acquiring an additional 27,672 shares during the period. Aberdeen Group plc’s holdings in Trade Desk were worth $5,042,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. STF Management LP boosted its position in shares of Trade Desk by 2.1% in the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company’s stock worth $477,000 after purchasing an additional 136 shares in the last quarter. Brighton Jones LLC increased its position in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after buying an additional 169 shares in the last quarter. CVA Family Office LLC raised its stake in Trade Desk by 37.2% during the second quarter. CVA Family Office LLC now owns 657 shares of the technology company’s stock valued at $47,000 after buying an additional 178 shares during the last quarter. M&T Bank Corp boosted its holdings in Trade Desk by 0.7% in the second quarter. M&T Bank Corp now owns 27,607 shares of the technology company’s stock worth $1,987,000 after acquiring an additional 194 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Trade Desk by 52.2% in the second quarter. Parkside Financial Bank & Trust now owns 586 shares of the technology company’s stock worth $42,000 after acquiring an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Weiss Ratings downgraded shares of Trade Desk from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 27th. Cfra reiterated a “hold” rating and issued a $40.00 target price on shares of Trade Desk in a research note on Tuesday, January 27th. DA Davidson reduced their price target on shares of Trade Desk from $80.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Susquehanna decreased their price objective on shares of Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a report on Friday, November 7th. Finally, Citizens Jmp cut Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $58.94.

Trade Desk Price Performance

NASDAQ TTD opened at $25.10 on Friday. The business’s fifty day moving average price is $33.53 and its 200-day moving average price is $43.63. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 0.99 and a beta of 1.10. The Trade Desk has a 1-year low of $24.84 and a 1-year high of $91.45.

Trade Desk announced that its board has initiated a share buyback plan on Thursday, November 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership 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.