Coatue Management LLC Acquires 388,100 Shares of The Trade Desk $TTD

Coatue Management LLC boosted its holdings in shares of The Trade Desk (NASDAQ:TTD) by 38.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,387,089 shares of the technology company’s stock after purchasing an additional 388,100 shares during the quarter. Coatue Management LLC owned about 0.29% of Trade Desk worth $67,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTD. Brighton Jones LLC lifted its holdings in shares of Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after buying an additional 169 shares during the last quarter. Bison Wealth LLC grew its stake in shares of Trade Desk by 24.3% in the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after acquiring an additional 485 shares during the last quarter. Woodline Partners LP increased its position in Trade Desk by 75.5% during the first quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after acquiring an additional 2,269 shares during the period. AE Wealth Management LLC increased its position in Trade Desk by 5.4% during the second quarter. AE Wealth Management LLC now owns 4,553 shares of the technology company’s stock worth $328,000 after acquiring an additional 235 shares during the period. Finally, Allworth Financial LP raised its stake in Trade Desk by 60.8% during the 2nd quarter. Allworth Financial LP now owns 8,515 shares of the technology company’s stock valued at $613,000 after purchasing an additional 3,221 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Up 3.1%

NASDAQ TTD opened at $27.34 on Friday. The stock has a market cap of $13.22 billion, a P/E ratio of 30.38, a PEG ratio of 1.08 and a beta of 1.13. The company’s 50-day simple moving average is $30.11 and its 200 day simple moving average is $40.01. The Trade Desk has a twelve month low of $21.08 and a twelve month high of $91.45.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. The firm had revenue of $846.79 million during the quarter, compared to analyst estimates of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 earnings per share. Research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, Director Kathryn E. Falberg sold 102,828 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $30.45, for a total value of $3,131,112.60. Following the completion of the transaction, the director directly owned 1,946 shares of the company’s stock, valued at approximately $59,255.70. This represents a 98.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TTD. Citizens Jmp lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, January 23rd. Guggenheim reaffirmed a “buy” rating and set a $50.00 price objective (down from $55.00) on shares of Trade Desk in a research report on Monday, January 5th. Bank of America reduced their target price on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th. Rosenblatt Securities decreased their target price on Trade Desk from $53.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, BMO Capital Markets lowered their price target on Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, fifteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.45.

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.