Amalgamated Bank Buys 64,159 Shares of The Trade Desk $TTD

Key Points

• Amalgamated Bank increased its stake in The Trade Desk by 190.1%, buying 64,159 shares to hold 97,918 shares worth about $4.799 million at quarter-end.
• Several large institutions (including Geode, Norges Bank, Viking and Jennison) also added sizable positions, leaving institutional investors with a 67.77% ownership of TTD.
• Analysts have a consensus "Moderate Buy" with a target of $67.41; Trade Desk recently beat quarterly expectations (EPS $0.45; revenue $739.4M, +17.7%) and authorized a $500M share buyback (~2.1% of shares).

Amalgamated Bank raised its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 190.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,918 shares of the technology company's stock after acquiring an additional 64,159 shares during the quarter. Amalgamated Bank's holdings in Trade Desk were worth $4,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Trade Desk by 52.1% during the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company's stock valued at $884,860,000 after purchasing an additional 4,218,975 shares in the last quarter. Norges Bank bought a new stake in shares of Trade Desk during the 2nd quarter valued at $197,362,000. Viking Global Investors LP bought a new stake in shares of Trade Desk during the 2nd quarter valued at $192,524,000. Jennison Associates LLC grew its position in shares of Trade Desk by 17.9% in the 2nd quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company's stock worth $1,027,114,000 after buying an additional 2,169,252 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of Trade Desk in the 2nd quarter worth about $68,641,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of Trade Desk in a research note on Monday, December 29th. Cantor Fitzgerald set a $43.00 target price on shares of Trade Desk and gave the company a "neutral" rating in a report on Thursday, January 8th. JMP Securities set a $60.00 price target on Trade Desk and gave the stock a "market outperform" rating in a research report on Tuesday, September 30th. Susquehanna reduced their price objective on Trade Desk from $135.00 to $85.00 and set a "positive" rating for the company in a research report on Friday, November 7th. Finally, UBS Group reiterated a "buy" rating and set a $50.00 price objective (down previously from $82.00) on shares of Trade Desk in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.41.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $34.15 on Wednesday. The Trade Desk has a 1-year low of $34.00 and a 1-year high of $126.20. The company's fifty day simple moving average is $38.44 and its 200-day simple moving average is $51.62. The stock has a market capitalization of $16.51 billion, a PE ratio of 39.25, a P/E/G ratio of 1.39 and a beta of 1.11.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The company had revenue of $739.43 million for the quarter, compared to analysts' expectations of $719.11 million. During the same period last year, the firm earned $0.41 EPS. Trade Desk's revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, research analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk announced that its board has initiated a stock buyback program on Thursday, November 6th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

Trade Desk Profile

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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