48,302 Shares in The Trade Desk $TTD Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC bought a new stake in shares of The Trade Desk (NASDAQ:TTD) in the third quarter, HoldingsChannel.com reports. The firm bought 48,302 shares of the technology company’s stock, valued at approximately $2,367,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Wealth Group LLC grew its holdings in shares of Trade Desk by 2.8% in the second quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company’s stock worth $321,000 after acquiring an additional 122 shares during the period. STF Management LP grew its stake in shares of Trade Desk by 2.1% during the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company’s stock valued at $477,000 after purchasing an additional 136 shares during the period. Mutual Advisors LLC grew its stake in shares of Trade Desk by 3.5% during the 2nd quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock valued at $305,000 after purchasing an additional 142 shares during the period. Brighton Jones LLC increased its position in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after purchasing an additional 169 shares during the last quarter. Finally, CVA Family Office LLC lifted its stake in shares of Trade Desk by 37.2% in the 2nd quarter. CVA Family Office LLC now owns 657 shares of the technology company’s stock worth $47,000 after purchasing an additional 178 shares during the period. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Down 2.9%

NASDAQ:TTD opened at $30.33 on Monday. The business’s 50-day simple moving average is $37.25 and its two-hundred day simple moving average is $49.19. The stock has a market cap of $14.67 billion, a PE ratio of 34.86, a P/E/G ratio of 1.19 and a beta of 1.10. The Trade Desk has a 52 week low of $30.13 and a 52 week high of $125.80.

Trade Desk (NASDAQ:TTD) last released 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. The firm had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. Sell-side analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its board has approved a stock repurchase program on Thursday, November 6th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have commented on TTD shares. Royal Bank Of Canada set a $80.00 target price on shares of Trade Desk and gave the company an “outperform” rating in a report on Friday, November 7th. Cfra Research downgraded shares of Trade Desk from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Evercore ISI decreased their target price on Trade Desk from $80.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Wedbush lowered their target price on Trade Desk from $50.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, December 8th. Finally, Susquehanna reduced their price target on Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $65.53.

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.