American Century Companies Inc. Has $54.69 Million Stock Position in The Trade Desk $TTD

American Century Companies Inc. cut its position in The Trade Desk (NASDAQ:TTDFree Report) by 13.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,115,941 shares of the technology company’s stock after selling 178,899 shares during the quarter. American Century Companies Inc. owned 0.23% of Trade Desk worth $54,692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares during the last quarter. Bison Wealth LLC increased its stake in shares of Trade Desk by 24.3% in the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after purchasing an additional 485 shares during the last quarter. Woodline Partners LP increased its stake in shares of Trade Desk by 75.5% in the 1st quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock valued at $289,000 after purchasing an additional 2,269 shares during the last quarter. TIAA Trust National Association acquired a new position in shares of Trade Desk during the 2nd quarter worth $216,000. Finally, Moors & Cabot Inc. lifted its position in shares of Trade Desk by 2.2% during the 2nd quarter. Moors & Cabot Inc. now owns 14,869 shares of the technology company’s stock worth $1,070,000 after buying an additional 313 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

More Trade Desk News

Here are the key news stories impacting Trade Desk this week:

Trade Desk Price Performance

Trade Desk stock opened at $29.79 on Friday. The stock’s 50 day moving average is $31.34 and its 200 day moving average is $41.15. The Trade Desk has a one year low of $21.08 and a one year high of $91.45. The firm has a market cap of $14.41 billion, a P/E ratio of 33.10, a P/E/G ratio of 0.99 and a beta of 1.13.

Trade Desk (NASDAQ:TTDGet Free Report) last released its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. The business had revenue of $846.79 million during the quarter, compared to the consensus estimate of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. Equities analysts anticipate 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 share buyback program on Thursday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have commented on TTD shares. Royal Bank Of Canada lowered their target price on Trade Desk from $65.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. KeyCorp reduced their price target on shares of Trade Desk from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday. UBS Group decreased their price target on shares of Trade Desk from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. New Street Research downgraded shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price objective for the company. in a research note on Thursday, February 26th. Finally, Benchmark restated a “buy” rating and issued a $40.00 target price (down from $65.00) on shares of Trade Desk in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.45.

Check Out Our Latest Research Report on TTD

About Trade Desk

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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