The Manufacturers Life Insurance Company increased its holdings in The Trade Desk (NASDAQ:TTD – Free Report) by 18.1% during the first quarter, HoldingsChannel.com reports. The fund owned 296,532 shares of the technology company’s stock after buying an additional 45,543 shares during the period. The Manufacturers Life Insurance Company’s holdings in Trade Desk were worth $6,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in TTD. Quantinno Capital Management LP increased its holdings in shares of Trade Desk by 330.0% in the first quarter. Quantinno Capital Management LP now owns 1,496,748 shares of the technology company’s stock valued at $33,961,000 after purchasing an additional 1,148,680 shares during the period. OMERS ADMINISTRATION Corp increased its holdings in shares of Trade Desk by 23.2% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 86,959 shares of the technology company’s stock valued at $1,973,000 after purchasing an additional 16,377 shares in the last quarter. Wealth Alliance LLC increased its holdings in Trade Desk by 30.7% in the first quarter. Wealth Alliance LLC now owns 9,690 shares of the technology company’s stock valued at $220,000 after buying an additional 2,277 shares in the last quarter. Renaissance Technologies LLC increased its stake in Trade Desk by 59.0% in the 1st quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock valued at $123,446,000 after purchasing an additional 2,018,525 shares in the last quarter. Finally, Caxton Associates LLP raised its stake in shares of Trade Desk by 85.5% during the 1st quarter. Caxton Associates LLP now owns 198,671 shares of the technology company’s stock worth $4,508,000 after buying an additional 91,560 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.
Wall Street Analysts Forecast Growth
TTD has been the subject of several research reports. Weiss Ratings downgraded Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th. Arete Research set a $11.60 target price on shares of Trade Desk and gave the stock a “sell” rating in a research report on Tuesday, June 30th. Citigroup reissued a “neutral” rating on shares of Trade Desk in a research report on Friday, May 8th. Truist Financial set a $35.00 price objective on shares of Trade Desk and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Stifel Nicolaus set a $21.00 target price on Trade Desk in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.50.
Trade Desk Trading Down 2.0%
TTD stock opened at $18.96 on Thursday. The stock’s 50 day simple moving average is $19.04 and its 200 day simple moving average is $22.98. The Trade Desk has a 12-month low of $16.70 and a 12-month high of $91.45. The firm has a market cap of $8.91 billion, a P/E ratio of 21.55, a P/E/G ratio of 0.94 and a beta of 1.04.
Trade Desk (NASDAQ:TTD – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 million. During the same period last year, the firm posted $0.33 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. On average, research analysts forecast that The Trade Desk will post 1.17 EPS for the current fiscal year.
Insider Buying and Selling at Trade Desk
In related news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the sale, the director directly owned 13,099 shares in the company, valued at $276,912.86. This trade represents a 80.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.41% of the stock is currently owned by company insiders.
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.
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