American Century Companies Inc. Cuts Holdings in The Trade Desk $TTD

American Century Companies Inc. trimmed its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 37.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,014,621 shares of the technology company's stock after selling 597,785 shares during the quarter. American Century Companies Inc. owned approximately 0.20% of Trade Desk worth $55,520,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TTD. Brown Advisory Inc. increased its holdings in Trade Desk by 198.4% during the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after buying an additional 5,387,339 shares during the period. Nuveen LLC purchased a new position in Trade Desk in the first quarter worth $191,935,000. Vanguard Group Inc. grew its holdings in Trade Desk by 3.7% in the first quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock worth $2,420,689,000 after purchasing an additional 1,567,491 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in Trade Desk by 22.6% in the fourth quarter. Nuveen Asset Management LLC now owns 2,844,036 shares of the technology company's stock worth $334,260,000 after purchasing an additional 523,627 shares during the last quarter. Finally, Congress Asset Management Co. grew its holdings in Trade Desk by 47.1% in the first quarter. Congress Asset Management Co. now owns 1,478,070 shares of the technology company's stock worth $80,880,000 after purchasing an additional 473,132 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the transaction, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is currently owned by company insiders.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $52.53 on Wednesday. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The firm has a 50-day simple moving average of $73.50 and a two-hundred day simple moving average of $69.77. The company has a market cap of $25.68 billion, a P/E ratio of 63.29, a price-to-earnings-growth ratio of 2.82 and a beta of 1.37.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $686.00 million. During the same quarter last year, the company earned $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 EPS for the current year.

Analyst Upgrades and Downgrades

TTD has been the topic of several recent research reports. Stifel Nicolaus lowered their price target on shares of Trade Desk from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 8th. BTIG Research downgraded shares of Trade Desk from a "buy" rating to a "neutral" rating in a research report on Friday, August 8th. Piper Sandler decreased their price objective on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Citigroup reiterated a "neutral" rating and issued a $65.00 price objective (down previously from $90.00) on shares of Trade Desk in a research report on Friday, August 8th. Finally, KeyCorp upped their price objective on shares of Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Trade Desk presently has a consensus rating of "Moderate Buy" and an average price target of $88.58.

Trade Desk Company Profile

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.

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