Louisiana State Employees Retirement System Decreases Holdings in The Trade Desk $TTD

Louisiana State Employees Retirement System trimmed its holdings in shares of The Trade Desk (NASDAQ:TTD) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,800 shares of the technology company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Trade Desk were worth $2,361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock worth $2,420,689,000 after purchasing an additional 1,567,491 shares during the period. Brown Advisory Inc. boosted its position in Trade Desk by 198.4% during the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock worth $443,358,000 after purchasing an additional 5,387,339 shares during the period. Nuveen LLC purchased a new stake in Trade Desk during the 1st quarter worth $191,935,000. Zevenbergen Capital Investments LLC boosted its position in Trade Desk by 3.7% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 2,169,273 shares of the technology company’s stock worth $118,703,000 after purchasing an additional 77,890 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Trade Desk by 8.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,000,184 shares of the technology company’s stock worth $109,450,000 after purchasing an additional 156,703 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, the director owned 5,035 shares in the company, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on TTD. UBS Group decreased their price objective on shares of Trade Desk from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Moffett Nathanson cut shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 price objective for the company. in a research report on Friday, August 8th. Guggenheim set a $55.00 price objective on shares of Trade Desk and gave the company a “buy” rating in a research report on Monday, September 29th. Wall Street Zen cut shares of Trade Desk from a “hold” rating to a “sell” rating in a research report on Monday, September 1st. Finally, JMP Securities set a $60.00 price objective on shares of Trade Desk and gave the company a “market outperform” rating in a research report on Tuesday, September 30th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.48.

Trade Desk Stock Performance

Shares of TTD stock opened at $52.36 on Friday. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The company’s 50-day simple moving average is $53.78 and its 200-day simple moving average is $62.66. The stock has a market capitalization of $25.60 billion, a price-to-earnings ratio of 63.09, a PEG ratio of 2.89 and a beta of 1.38.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.24). Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The company had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. During the same period in the previous year, the business posted $0.39 EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.