Mitsubishi UFJ Trust & Banking Corp Cuts Stake in The Trade Desk $TTD

Mitsubishi UFJ Trust & Banking Corp lessened its stake in The Trade Desk (NASDAQ:TTD) by 7.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 972,794 shares of the technology company’s stock after selling 81,314 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.20% of Trade Desk worth $70,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Sound Income Strategies LLC grew its position in shares of Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after purchasing an additional 270 shares in the last quarter. West Oak Capital LLC increased its stake in Trade Desk by 466.7% during the second quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after acquiring an additional 350 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in Trade Desk during the first quarter valued at approximately $26,000. HighMark Wealth Management LLC lifted its stake in shares of Trade Desk by 46.2% in the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock valued at $34,000 after purchasing an additional 151 shares during the last quarter. Finally, Vermillion Wealth Management Inc. boosted its holdings in shares of Trade Desk by 400.0% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock worth $36,000 after purchasing an additional 400 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the transaction, the director owned 5,035 shares of the company’s stock, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. BMO Capital Markets lowered their price target on Trade Desk from $115.00 to $98.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. BTIG Research cut Trade Desk from a “buy” rating to a “neutral” rating in a research note on Friday, August 8th. DA Davidson decreased their price target on Trade Desk from $80.00 to $54.00 and set a “buy” rating for the company in a research note on Monday. JMP Securities set a $60.00 price target on shares of Trade Desk and gave the stock a “market outperform” rating in a research note on Tuesday, September 30th. Finally, Zacks Research raised shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Twenty-one equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $78.33.

Trade Desk Price Performance

NASDAQ:TTD opened at $43.79 on Thursday. The company’s fifty day moving average price is $49.17 and its 200-day moving average price is $62.54. The firm has a market capitalization of $21.41 billion, a P/E ratio of 50.33, a PEG ratio of 2.31 and a beta of 1.43. The Trade Desk has a 1-year low of $41.77 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The company’s revenue was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. Equities analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a stock repurchase program on Thursday, November 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Trade Desk 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.