The Trade Desk $TTD Stock Holdings Lessened by Keybank National Association OH

Keybank National Association OH lessened its holdings in shares of The Trade Desk (NASDAQ:TTD) by 47.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 131,771 shares of the technology company’s stock after selling 120,623 shares during the quarter. Keybank National Association OH’s holdings in Trade Desk were worth $6,458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Family Legacy Financial Solutions LLC raised its position in shares of Trade Desk by 163.2% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after purchasing an additional 310 shares during the period. Versant Capital Management Inc grew its stake in Trade Desk by 175.8% during the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after buying an additional 334 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Trade Desk in the third quarter worth $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in Trade Desk in the second quarter valued at $28,000. Finally, Transce3nd LLC bought a new stake in Trade Desk in the second quarter valued at $28,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $30.33 on Monday. The Trade Desk has a 1 year low of $30.13 and a 1 year high of $125.80. The firm has a market cap of $14.67 billion, a P/E ratio of 34.86, a PEG ratio of 1.19 and a beta of 1.10. The stock has a fifty day moving average price of $37.25 and a two-hundred day moving average price of $49.19.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The business had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. On average, research analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTD. Truist Financial set a $60.00 price target on shares of Trade Desk and gave the stock a “buy” rating in a research report on Monday, January 26th. Rosenblatt Securities decreased their target price on shares of Trade Desk from $64.00 to $53.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Citizens Jmp cut Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, January 23rd. Royal Bank Of Canada set a $80.00 price objective on Trade Desk and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Wall Street Zen raised Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Trade Desk presently has a consensus rating of “Hold” and a consensus price target of $65.53.

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.