Midwest Trust Co Reduces Stock Holdings in The Trade Desk $TTD

Midwest Trust Co trimmed its holdings in shares of The Trade Desk (NASDAQ:TTD) by 91.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,663 shares of the technology company’s stock after selling 71,891 shares during the quarter. Midwest Trust Co’s holdings in Trade Desk were worth $327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TTD. Transce3nd LLC bought a new stake in shares of Trade Desk during the 2nd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in Trade Desk during the second quarter valued at $28,000. Estabrook Capital Management bought a new stake in Trade Desk during the second quarter valued at about $36,000. Family Legacy Financial Solutions LLC lifted its stake in shares of Trade Desk by 163.2% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after buying an additional 310 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Trade Desk by 175.8% in the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after buying an additional 334 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

NASDAQ:TTD opened at $26.14 on Friday. The company has a market cap of $12.64 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 1.07 and a beta of 1.10. The Trade Desk has a 1 year low of $25.93 and a 1 year high of $91.45. The stock’s 50 day simple moving average is $35.10 and its two-hundred day simple moving average is $46.19.

Trade Desk declared that its board has approved a stock buyback plan on Thursday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTD. Zacks Research upgraded Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Cfra reissued a “hold” rating and issued a $40.00 price target on shares of Trade Desk in a report on Tuesday, January 27th. Wolfe Research restated an “outperform” rating and issued a $45.00 price target (down from $60.00) on shares of Trade Desk in a research note on Monday, January 5th. Cannonball Research upgraded shares of Trade Desk to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Cfra Research downgraded shares of Trade Desk from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Trade Desk currently has a consensus rating of “Hold” and an average price target of $61.45.

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.