Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Cuts Stock Position in The Trade Desk $TTD

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in shares of The Trade Desk (NASDAQ:TTD) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,200,144 shares of the technology company’s stock after selling 226,293 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Trade Desk were worth $45,557,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after acquiring an additional 169 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of Trade Desk by 24.3% during 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 raised its position in Trade Desk by 75.5% in the 1st quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after purchasing an additional 2,269 shares during the period. Cerity Partners LLC raised its position in Trade Desk by 46.6% in the 2nd quarter. Cerity Partners LLC now owns 59,785 shares of the technology company’s stock worth $4,304,000 after purchasing an additional 19,015 shares during the period. Finally, AXA S.A. boosted its position in Trade Desk by 14.7% during the second quarter. AXA S.A. now owns 42,819 shares of the technology company’s stock valued at $3,083,000 after buying an additional 5,487 shares during the period. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TTD. BMO Capital Markets dropped their target price on Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. BNP Paribas Exane initiated coverage on shares of Trade Desk in a report on Wednesday, January 14th. They issued a “neutral” rating and a $40.00 price target on the stock. Truist Financial dropped their target price on shares of Trade Desk from $60.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Cannonball Research raised Trade Desk to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Bank of America reduced their price target on Trade Desk from $49.00 to $40.00 and set an “underperform” rating on the stock in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.53.

Trade Desk Trading Up 1.6%

Shares of Trade Desk stock opened at $23.56 on Thursday. The company’s fifty day simple moving average is $24.03 and its two-hundred day simple moving average is $34.78. The company has a market cap of $11.21 billion, a P/E ratio of 26.18, a PEG ratio of 0.93 and a beta of 1.18. The Trade Desk has a 12-month low of $19.74 and a 12-month high of $91.45.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. The firm had revenue of $846.79 million for the quarter, compared to analysts’ expectations of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 EPS. Analysts predict that The Trade Desk will post 1.27 EPS for the current fiscal year.

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

Insider Activity

In related news, Director Kathryn E. Falberg sold 102,828 shares of the company’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 value of $3,131,112.60. Following the sale, the director owned 1,946 shares in the company, valued at $59,255.70. This represents a 98.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 10.00% of the company’s stock.

About Trade Desk

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.