The Trade Desk $TTD Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in The Trade Desk (NASDAQ:TTD) by 52.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,314,817 shares of the technology company’s stock after buying an additional 4,218,975 shares during the period. Geode Capital Management LLC owned 2.51% of Trade Desk worth $884,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTD. Vanguard Group Inc. boosted its holdings in shares of Trade Desk by 3.7% in the first quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock valued at $2,420,689,000 after acquiring an additional 1,567,491 shares in the last quarter. Jennison Associates LLC raised its holdings in Trade Desk by 17.9% during the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock worth $1,027,114,000 after purchasing an additional 2,169,252 shares in the last quarter. Nuveen LLC acquired a new stake in Trade Desk in the first quarter worth approximately $191,935,000. Zevenbergen Capital Investments LLC boosted its stake 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 valued at $118,703,000 after purchasing an additional 77,890 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Trade Desk by 0.4% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,007,334 shares of the technology company’s stock valued at $144,508,000 after purchasing an additional 7,150 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TTD has been the subject of several research analyst reports. Stifel Nicolaus cut their price objective on Trade Desk from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 8th. HSBC reiterated a “hold” rating and issued a $56.00 price target on shares of Trade Desk in a research report on Monday, August 11th. Evercore ISI reduced their price objective on shares of Trade Desk from $80.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Wedbush reaffirmed a “neutral” rating and issued a $50.00 price objective on shares of Trade Desk in a research note on Friday, November 7th. Finally, Bank of America reiterated an “underperform” rating and issued a $55.00 target price (down from $130.00) on shares of Trade Desk in a report on Friday, August 8th. Twenty-one equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $78.33.

Insider Buying and Selling at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.00% of the stock is owned by corporate insiders.

Trade Desk Stock Down 2.1%

Shares of NASDAQ:TTD opened at $42.87 on Friday. The company’s fifty day moving average is $48.99 and its two-hundred day moving average is $62.41. The company has a market cap of $20.96 billion, a P/E ratio of 49.28, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. The Trade Desk has a 12-month low of $41.77 and a 12-month high of $141.53.

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

Trade Desk announced that its board has initiated a share repurchase 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 stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are 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.