Public Sector Pension Investment Board Makes New $32.44 Million Investment in The Trade Desk $TTD

Public Sector Pension Investment Board acquired a new stake in The Trade Desk (NASDAQ:TTD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 661,892 shares of the technology company’s stock, valued at approximately $32,439,000. Public Sector Pension Investment Board owned 0.14% of Trade Desk as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Trade Desk by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock valued at $3,207,504,000 after buying an additional 317,107 shares during the period. Jennison Associates LLC increased its position in shares of 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 acquiring an additional 2,169,252 shares during the period. Geode Capital Management LLC raised its stake in shares of Trade Desk by 52.1% in the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after acquiring an additional 4,218,975 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Trade Desk by 2.7% in the second quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock valued at $599,212,000 after purchasing an additional 221,228 shares during the period. Finally, Invesco Ltd. boosted its holdings in Trade Desk by 22.4% in the second quarter. Invesco Ltd. now owns 3,386,897 shares of the technology company’s stock valued at $243,823,000 after purchasing an additional 618,787 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Trading Down 4.0%

TTD stock opened at $26.14 on Friday. The stock has a market cap of $12.64 billion, a P/E ratio of 30.05, a PEG ratio of 1.07 and a beta of 1.10. The Trade Desk has a twelve month low of $25.93 and a twelve month high of $91.45. The company’s 50 day moving average is $35.10 and its two-hundred day moving average is $46.19.

Trade Desk announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TTD shares. Zacks Research upgraded Trade Desk from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Morgan Stanley cut their target price on shares of Trade Desk from $50.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Wells Fargo & Company set a $42.00 price target on shares of Trade Desk and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Weiss Ratings cut shares of Trade Desk from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 27th. Finally, BNP Paribas Exane assumed coverage on shares of Trade Desk in a research report on Wednesday, January 14th. They set a “neutral” rating and a $40.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Trade Desk currently has a consensus rating of “Hold” and a consensus price target of $61.45.

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.