Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in The Trade Desk $TTD

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of The Trade Desk (NASDAQ:TTD) by 235.4% in the fourth quarter, Holdings Channel reports. The fund owned 588,250 shares of the technology company’s stock after purchasing an additional 412,842 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Trade Desk were worth $22,330,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position in Trade Desk by 62.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,743 shares of the technology company’s stock valued at $8,515,000 after acquiring an additional 66,672 shares during the last quarter. Jacobson & Schmitt Advisors LLC increased its position in Trade Desk by 19.6% during the third quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock valued at $14,192,000 after acquiring an additional 47,539 shares during the last quarter. State of Michigan Retirement System purchased a new stake in Trade Desk during the third quarter valued at $5,906,000. Amalgamated Bank increased its position in Trade Desk by 190.1% during the third quarter. Amalgamated Bank now owns 97,918 shares of the technology company’s stock valued at $4,799,000 after acquiring an additional 64,159 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Trade Desk by 325.9% during the third quarter. Principal Financial Group Inc. now owns 482,666 shares of the technology company’s stock valued at $23,655,000 after acquiring an additional 369,345 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TTD. Cannonball Research upgraded Trade Desk to a “strong-buy” rating in a research report on Monday, January 12th. New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price target for the company. in a research report on Thursday, February 26th. Wells Fargo & Company reduced their price target on Trade Desk from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Loop Capital cut Trade Desk from a “buy” rating to a “hold” rating and reduced their price target for the stock from $75.00 to $25.00 in a research report on Thursday, February 26th. Finally, Piper Sandler restated a “neutral” rating and issued a $28.00 price target (down from $50.00) on shares of Trade Desk in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.53.

Trade Desk Trading Down 3.5%

Shares of Trade Desk stock opened at $23.20 on Wednesday. The firm has a market cap of $11.04 billion, a PE ratio of 25.78, a PEG ratio of 0.96 and a beta of 1.18. The stock has a 50 day moving average of $24.11 and a 200 day moving average of $34.86. The Trade Desk has a 12 month low of $19.74 and a 12 month high of $91.45.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. The business had revenue of $846.79 million during the quarter, compared to analysts’ expectations of $840.56 million. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. As a group, equities research analysts forecast that The Trade Desk will post 1.27 earnings per share for the current fiscal year.

Trade Desk declared that its board has authorized a stock repurchase plan on Wednesday, February 25th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Trade Desk news, Director Kathryn E. Falberg sold 102,828 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the completion of the transaction, the director owned 1,946 shares in the company, valued at $59,255.70. This trade represents a 98.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 10.00% of the stock is owned by corporate insiders.

Trade Desk Company 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.