ARK Investment Management LLC Increases Stake in The Trade Desk $TTD

ARK Investment Management LLC boosted its position in shares of The Trade Desk (NASDAQ:TTD) by 56.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,306,691 shares of the technology company’s stock after acquiring an additional 830,373 shares during the period. ARK Investment Management LLC owned about 0.47% of Trade Desk worth $113,051,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Family Legacy Financial Solutions LLC raised its stake in Trade Desk by 163.2% in the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after buying an additional 310 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Trade Desk by 175.8% in the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after acquiring an additional 334 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Trade Desk during the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Trade Desk during the 2nd quarter worth about $28,000. Finally, Transce3nd LLC purchased a new stake in Trade Desk during the second quarter worth approximately $28,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. KeyCorp decreased their price objective on shares of Trade Desk from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday. Citigroup cut their price target on Trade Desk from $50.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 27th. Jefferies Financial Group set a $40.00 price objective on Trade Desk and gave the company a “hold” rating in a report on Thursday, December 11th. Rosenblatt Securities lowered their target price on shares of Trade Desk from $53.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, DA Davidson reduced their price target on shares of Trade Desk from $54.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $43.45.

Trade Desk Price Performance

NASDAQ:TTD opened at $25.17 on Thursday. The firm has a market cap of $12.17 billion, a PE ratio of 27.97, a P/E/G ratio of 0.99 and a beta of 1.13. The firm has a 50 day simple moving average of $31.51 and a 200-day simple moving average of $41.23. The Trade Desk has a 1-year low of $21.08 and a 1-year high of $91.45.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.59. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.The firm had revenue of $846.79 million for the quarter, compared to analyst estimates of $840.56 million. During the same period last year, the company earned $0.59 EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a stock buyback program 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are 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.