The Trade Desk $TTD Shares Purchased by Maxi Investments CY Ltd

Maxi Investments CY Ltd raised its holdings in The Trade Desk (NASDAQ:TTDFree Report) by 22.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 220,000 shares of the technology company’s stock after purchasing an additional 40,000 shares during the period. Trade Desk accounts for approximately 1.5% of Maxi Investments CY Ltd’s portfolio, making the stock its 17th largest holding. Maxi Investments CY Ltd’s holdings in Trade Desk were worth $8,351,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its position in Trade Desk by 27.7% during the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after buying an additional 12,321,000 shares in the last quarter. State Street Corp raised its holdings in shares of Trade Desk by 271.1% in the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after acquiring an additional 26,559,005 shares during the last quarter. Invesco Ltd. lifted its position in shares of Trade Desk by 101.0% in the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock valued at $333,659,000 after acquiring an additional 3,421,074 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its stake in shares of Trade Desk by 86.3% during the third quarter. Jericho Capital Asset Management L.P. now owns 4,067,000 shares of the technology company’s stock valued at $199,324,000 after acquiring an additional 1,884,000 shares during the last quarter. Finally, Northern Trust Corp increased its position in Trade Desk by 34.3% during the 3rd quarter. Northern Trust Corp now owns 3,893,963 shares of the technology company’s stock worth $190,843,000 after purchasing an additional 993,739 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trade Desk

In related news, Director Kathryn E. Falberg sold 102,828 shares of Trade Desk stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the sale, the director directly owned 1,946 shares in the company, valued at $59,255.70. The trade was a 98.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TTD shares. Wedbush reissued an “underperform” rating and issued a $23.00 price objective on shares of Trade Desk in a research report on Friday, March 6th. Evercore reiterated an “outperform” rating on shares of Trade Desk in a research note on Monday, February 23rd. BMO Capital Markets decreased their price target on Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Oppenheimer downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, Scotiabank reiterated a “sector perform” rating and issued a $32.00 price target (down from $60.00) on shares of Trade Desk in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Hold” and a consensus price target of $41.38.

View Our Latest Stock Report on TTD

Trending Headlines about Trade Desk

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Trade Desk Stock Down 2.2%

Shares of NASDAQ:TTD opened at $23.49 on Friday. The firm has a 50-day simple moving average of $23.73 and a 200 day simple moving average of $32.86. The Trade Desk has a fifty-two week low of $19.74 and a fifty-two week high of $91.45. The company has a market cap of $11.18 billion, a PE ratio of 26.10, a P/E/G ratio of 0.96 and a beta of 1.10.

Trade Desk (NASDAQ:TTDGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The firm had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 million. During the same quarter in the previous year, the business posted $0.33 EPS. Trade Desk’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, research analysts forecast that The Trade Desk will post 1.27 EPS for the current fiscal year.

Trade Desk declared that its board has approved a share buyback plan on Wednesday, February 25th that authorizes the company to buyback $350.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

About Trade Desk

(Free Report)

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.

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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