HBK Sorce Advisory LLC Has $525,000 Stock Holdings in The Trade Desk $TTD

HBK Sorce Advisory LLC raised its holdings in shares of The Trade Desk (NASDAQ:TTD) by 14.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,298 shares of the technology company’s stock after purchasing an additional 917 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Trade Desk were worth $525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC lifted its holdings in shares of Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after buying an additional 270 shares in the last quarter. West Oak Capital LLC lifted its holdings in shares of Trade Desk by 466.7% during the second quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after buying an additional 350 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Trade Desk during the first quarter worth $26,000. HighMark Wealth Management LLC lifted its holdings in shares of Trade Desk by 46.2% during the second quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after buying an additional 151 shares in the last quarter. Finally, Vermillion Wealth Management Inc. lifted 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 buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling

In related news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction that occurred 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 sale, the director directly owned 5,035 shares of the company’s stock, valued at approximately $242,687. The trade was a 21.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 51,290 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the transaction, the insider owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 10.00% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $50.28 on Friday. The Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53. The stock has a market capitalization of $24.58 billion, a P/E ratio of 60.58, a PEG ratio of 2.61 and a beta of 1.38. The stock’s fifty day moving average is $50.49 and its 200 day moving average is $62.72.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The company had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. During the same quarter in the previous year, the business posted $0.39 EPS. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. Equities research analysts forecast that The Trade Desk will post 1.06 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group downgraded Trade Desk from a “buy” rating to a “hold” rating and dropped their target price for the stock from $100.00 to $50.00 in a report on Monday, August 11th. Wall Street Zen raised Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday. Hsbc Global Res downgraded Trade Desk from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. UBS Group dropped their target price on Trade Desk from $105.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 15th. Finally, Needham & Company LLC restated a “buy” rating and issued a $84.00 price target on shares of Trade Desk in a research report on Monday, September 8th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.48.

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.