Rhumbline Advisers Acquires 338,188 Shares of The Trade Desk $TTD

Rhumbline Advisers boosted its stake in shares of The Trade Desk (NASDAQ:TTD) by 56.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 932,198 shares of the technology company’s stock after buying an additional 338,188 shares during the period. Rhumbline Advisers owned approximately 0.19% of Trade Desk worth $45,687,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TTD. Stratos Wealth Partners LTD. raised its holdings in shares of Trade Desk by 19.4% during the third quarter. Stratos Wealth Partners LTD. now owns 9,613 shares of the technology company’s stock worth $471,000 after acquiring an additional 1,565 shares during the period. Stratos Wealth Advisors LLC boosted its stake in Trade Desk by 1,552.0% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 54,565 shares of the technology company’s stock worth $2,674,000 after purchasing an additional 51,262 shares during the period. Versor Investments LP bought a new position in Trade Desk during the 3rd quarter worth about $410,000. Prospera Financial Services Inc increased its holdings in Trade Desk by 86.6% during the 3rd quarter. Prospera Financial Services Inc now owns 21,667 shares of the technology company’s stock worth $1,062,000 after purchasing an additional 10,058 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Trade Desk by 91.1% in the 3rd quarter. Profund Advisors LLC now owns 63,688 shares of the technology company’s stock valued at $3,121,000 after purchasing an additional 30,353 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on TTD shares. Jefferies Financial Group set a $40.00 price objective on Trade Desk and gave the stock a “hold” rating in a research report on Thursday, December 11th. Guggenheim restated a “buy” rating and issued a $50.00 target price (down previously from $55.00) on shares of Trade Desk in a research note on Monday, January 5th. Citigroup reduced their price target on Trade Desk from $50.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, January 27th. Susquehanna decreased their price target on shares of Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Finally, Bank of America lowered their price objective on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating on the stock in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.45.

Trade Desk Stock Down 1.3%

NASDAQ:TTD opened at $25.81 on Friday. The Trade Desk has a 12-month low of $25.64 and a 12-month high of $91.45. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 1.03 and a beta of 1.10. The stock’s 50 day moving average price is $34.82 and its two-hundred day moving average price is $45.76.

Trade Desk declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in outstanding 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 usually a sign that the company’s board of directors believes its shares are undervalued.

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.