Bank of New York Mellon Corp Decreases Stake in The Trade Desk $TTD

Bank of New York Mellon Corp trimmed its holdings in shares of The Trade Desk (NASDAQ:TTD) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,187,034 shares of the technology company’s stock after selling 42,912 shares during the quarter. Bank of New York Mellon Corp owned 0.46% of Trade Desk worth $49,624,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TTD. Brighton Jones LLC grew its stake 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 purchasing an additional 169 shares in the last quarter. Howard Capital Management Inc. raised its holdings in Trade Desk by 2.3% in the fourth quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock valued at $461,000 after acquiring an additional 275 shares in the last quarter. Tema Etfs LLC raised its holdings in Trade Desk by 4.1% in the fourth quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock valued at $288,000 after acquiring an additional 302 shares in the last quarter. Visionary Wealth Advisors boosted its stake in Trade Desk by 3.3% during the 2nd quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock valued at $728,000 after acquiring an additional 327 shares during the last quarter. Finally, CVA Family Office LLC grew its holdings in Trade Desk by 62.1% during the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after acquiring an additional 344 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

TTD stock opened at $17.29 on Friday. The company’s 50 day simple moving average is $19.57 and its 200-day simple moving average is $24.16. The firm has a market capitalization of $8.13 billion, a P/E ratio of 19.65, a P/E/G ratio of 0.81 and a beta of 1.04. The Trade Desk has a 52-week low of $16.70 and a 52-week high of $91.45.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.24). The business had revenue of $688.86 million for the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. Sell-side analysts predict that The Trade Desk will post 1.17 EPS for the current fiscal year.

Analyst Ratings Changes

TTD has been the topic of a number of recent analyst reports. Citigroup restated a “neutral” rating on shares of Trade Desk in a research note on Friday, May 8th. Piper Sandler restated a “neutral” rating and set a $24.00 price objective on shares of Trade Desk in a research note on Friday, May 8th. Rothschild & Co Redburn assumed coverage on Trade Desk in a report on Thursday, May 28th. They set a “sell” rating and a $11.00 target price on the stock. HSBC upgraded Trade Desk from a “reduce” rating to a “hold” rating and set a $20.00 target price for the company in a research report on Wednesday, July 8th. Finally, Guggenheim lowered their price target on Trade Desk from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $33.43.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the transaction, the director directly owned 13,099 shares of the company’s stock, valued at $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 11.41% of the company’s stock.

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.