Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $77.21 Million Position in The Trade Desk $TTD

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of The Trade Desk (NASDAQ:TTD) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,426,437 shares of the technology company’s stock after purchasing an additional 120,322 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.29% of Trade Desk worth $77,213,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in 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 purchasing an additional 169 shares during the period. Bison Wealth LLC boosted its position in shares of Trade Desk by 24.3% during the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after acquiring an additional 485 shares during the last quarter. Woodline Partners LP grew its holdings in shares of 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 purchasing an additional 2,269 shares in the last quarter. Focus Partners Wealth increased its holdings in Trade Desk by 236.3% during the 1st quarter. Focus Partners Wealth now owns 153,051 shares of the technology company’s stock valued at $8,375,000 after purchasing an additional 107,538 shares during the period. Finally, Strs Ohio bought a new position in Trade Desk during the 1st quarter valued at approximately $13,872,000. Institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JMP Securities set a $60.00 target price on Trade Desk and gave the company a “market outperform” rating in a research note on Tuesday, September 30th. Susquehanna reduced their price objective on shares of Trade Desk from $135.00 to $85.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. Needham & Company LLC dropped their target price on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Zacks Research raised shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Citigroup reissued an “outperform” rating on shares of Trade Desk in a report on Tuesday, September 30th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $71.19.

Trade Desk Stock Performance

Trade Desk stock opened at $37.29 on Monday. The Trade Desk has a fifty-two week low of $35.65 and a fifty-two week high of $126.20. The company has a market capitalization of $18.03 billion, a PE ratio of 42.86, a P/E/G ratio of 1.46 and a beta of 1.11. The company has a 50 day moving average price of $39.80 and a 200-day moving average price of $53.40.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The business’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 EPS. On average, analysts forecast that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

About Trade Desk

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.