Commonwealth Equity Services LLC Lowers Stock Holdings in The Trade Desk $TTD

Commonwealth Equity Services LLC lessened its stake in The Trade Desk (NASDAQ:TTD) by 14.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,138 shares of the technology company’s stock after selling 32,114 shares during the period. Commonwealth Equity Services LLC’s holdings in Trade Desk were worth $6,952,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in Trade Desk by 3.8% in 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 in the last quarter. Howard Capital Management Inc. boosted its holdings in Trade Desk by 2.3% in the 4th quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock valued at $461,000 after purchasing an additional 275 shares in the last quarter. Insigneo Advisory Services LLC boosted its holdings in Trade Desk by 3.6% in the 3rd quarter. Insigneo Advisory Services LLC now owns 8,632 shares of the technology company’s stock valued at $423,000 after purchasing an additional 298 shares in the last quarter. Tema Etfs LLC boosted its holdings in Trade Desk by 4.1% in the 4th quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock valued at $288,000 after purchasing an additional 302 shares in the last quarter. Finally, Visionary Wealth Advisors boosted its holdings in Trade Desk by 3.3% in the 2nd quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock valued at $728,000 after purchasing an additional 327 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Down 5.1%

NASDAQ:TTD opened at $19.95 on Friday. The company has a market capitalization of $9.38 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05. The Trade Desk has a 52-week low of $19.74 and a 52-week high of $91.45. The stock has a fifty day simple moving average of $22.05 and a 200-day simple moving average of $29.00.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.24). The firm had revenue of $688.86 million for the quarter, compared to analyst estimates of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. As a group, equities analysts anticipate that The Trade Desk will post 1.17 earnings per share for the current year.

Trade Desk declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 25th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the transaction, the director owned 13,099 shares of the company’s stock, valued at $276,912.86. The trade was a 80.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 11.41% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Guggenheim lowered their price objective on Trade Desk from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Royal Bank Of Canada set a $33.00 price objective on Trade Desk and gave the company an “outperform” rating in a report on Friday, May 8th. UBS Group set a $31.00 price objective on Trade Desk and gave the company a “buy” rating in a report on Tuesday, April 21st. Truist Financial set a $35.00 price objective on Trade Desk and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $24.00 price objective on shares of Trade Desk in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Trade Desk has an average rating of “Hold” and a consensus price target of $33.91.

Trade Desk 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.