NEOS Investment Management LLC Raises Stock Position in The Trade Desk $TTD

NEOS Investment Management LLC grew its stake in shares of The Trade Desk (NASDAQ:TTD) by 133.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 189,786 shares of the technology company’s stock after acquiring an additional 108,520 shares during the period. NEOS Investment Management LLC’s holdings in Trade Desk were worth $9,301,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TTD. STF Management LP raised its holdings in Trade Desk by 2.1% during the second quarter. STF Management LP now owns 6,627 shares of the technology company’s stock worth $477,000 after purchasing an additional 136 shares during the last quarter. Mutual Advisors LLC raised its stake in shares of Trade Desk by 3.5% during the 2nd quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock worth $305,000 after buying an additional 142 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after buying an additional 169 shares in the last quarter. CVA Family Office LLC grew its stake in Trade Desk by 37.2% in the 2nd quarter. CVA Family Office LLC now owns 657 shares of the technology company’s stock valued at $47,000 after acquiring an additional 178 shares during the last quarter. Finally, M&T Bank Corp grew its stake in Trade Desk by 0.7% in the 2nd quarter. M&T Bank Corp now owns 27,607 shares of the technology company’s stock valued at $1,987,000 after acquiring an additional 194 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stifel Nicolaus set a $74.00 price target on shares of Trade Desk and gave the company a “buy” rating in a report on Friday, January 23rd. BNP Paribas Exane assumed coverage on Trade Desk in a research report on Wednesday, January 14th. They set a “neutral” rating and a $40.00 price objective for the company. Bank of America lowered their target price on Trade Desk from $49.00 to $40.00 and set an “underperform” rating on the stock in a report on Tuesday, January 20th. Morgan Stanley cut their price target on Trade Desk from $50.00 to $42.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Finally, Wedbush decreased their price objective on Trade Desk from $50.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.25.

Trade Desk Trading Down 2.1%

Trade Desk stock opened at $25.26 on Wednesday. The stock has a fifty day moving average price of $34.27 and a 200 day moving average price of $44.34. The Trade Desk has a 52 week low of $24.84 and a 52 week high of $91.45. The firm has a market capitalization of $12.22 billion, a P/E ratio of 29.03, a PEG ratio of 1.01 and a beta of 1.10.

Trade Desk declared that its board has authorized a share buyback program on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are typically 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.