Edgewood Management LLC Trims Holdings in The Trade Desk $TTD

Edgewood Management LLC reduced its position in shares of The Trade Desk (NASDAQ:TTD) by 7.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 13,657,392 shares of the technology company’s stock after selling 1,089,779 shares during the quarter. Trade Desk accounts for 3.1% of Edgewood Management LLC’s holdings, making the stock its 18th largest holding. Edgewood Management LLC’s holdings in Trade Desk were worth $983,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of TTD. Banque Cantonale Vaudoise purchased a new position in shares of Trade Desk during the first quarter valued at approximately $26,000. Sound Income Strategies LLC grew its stake in Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after acquiring an additional 270 shares during the period. West Oak Capital LLC raised its holdings in Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock valued at $31,000 after acquiring an additional 350 shares during the last quarter. HighMark Wealth Management LLC lifted its stake in shares of Trade Desk by 46.2% during the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after purchasing an additional 151 shares during the period. Finally, Vermillion Wealth Management Inc. boosted its holdings in shares of Trade Desk by 400.0% during the second quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the sale, the director directly owned 5,035 shares of the company’s stock, valued at approximately $242,687. This represents a 21.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.00% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $39.59 on Friday. The Trade Desk has a 1 year low of $38.22 and a 1 year high of $141.53. The stock has a market capitalization of $19.14 billion, a P/E ratio of 45.50, a PEG ratio of 1.94 and a beta of 1.43. The stock has a 50-day simple moving average of $47.38 and a 200-day simple moving average of $60.94.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The firm had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. During the same quarter last year, the firm posted $0.41 earnings per share. Trade Desk’s revenue for the quarter was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. Analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk declared that its Board of Directors has approved a share buyback program on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TTD shares. Scotiabank dropped their target price on Trade Desk from $83.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, August 8th. Royal Bank Of Canada set a $80.00 price objective on shares of Trade Desk and gave the company an “outperform” rating in a research note on Friday, November 7th. Hsbc Global Res lowered shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Zacks Research upgraded shares of Trade Desk from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Morgan Stanley lowered shares of Trade Desk from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $80.00 to $50.00 in a research report on Wednesday, September 10th. Twenty-one analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.19.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.