Amova Asset Management Americas Inc. Acquires 247,964 Shares of The Trade Desk $TTD

Key Points

• Amova Asset Management Americas Inc. boosted its stake in The Trade Desk by 26.7%, buying 247,964 shares to hold 1,174,980 shares (about 0.24% of the company) valued at roughly $57.55 million.
• The Trade Desk authorized a $500 million stock repurchase (up to 2.1% of shares) and reported quarterly results with $0.59 EPS (in line with estimates) and revenue of $846.79 million, up 14.3% year-over-year.
• Institutional investors own about 67.77% of the stock, while analysts show mixed views—average rating "Hold" with an average price target of $43.45—against a current share price near $25 and a 52-week range of $21.08–$91.45.

Amova Asset Management Americas Inc. increased its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 26.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,174,980 shares of the technology company's stock after buying an additional 247,964 shares during the period. Amova Asset Management Americas Inc. owned 0.24% of Trade Desk worth $57,551,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Trade Desk by 0.7% in the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company's stock worth $3,207,504,000 after buying an additional 317,107 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Trade Desk by 327.3% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,121,436 shares of the technology company's stock worth $80,732,000 after acquiring an additional 858,978 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Trade Desk by 62.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,743 shares of the technology company's stock worth $8,515,000 after acquiring an additional 66,672 shares during the period. Jacobson & Schmitt Advisors LLC lifted its stake in Trade Desk by 19.6% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company's stock worth $14,192,000 after purchasing an additional 47,539 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in Trade Desk by 22.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 996,787 shares of the technology company's stock valued at $71,759,000 after purchasing an additional 185,552 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Price Performance

Shares of TTD stock opened at $25.17 on Thursday. The business has a 50-day moving average of $31.51 and a 200 day moving average of $41.23. The Trade Desk has a 1-year low of $21.08 and a 1-year high of $91.45. The stock has a market capitalization of $12.17 billion, a PE ratio of 27.97, a P/E/G ratio of 0.99 and a beta of 1.13.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, meeting analysts' consensus estimates of $0.59. The company had revenue of $846.79 million during the quarter, compared to analyst estimates of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The firm's revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS. Analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk announced that its board has authorized a stock repurchase plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently issued reports on TTD. Cannonball Research raised Trade Desk to a "strong-buy" rating in a research note on Monday, January 12th. Wolfe Research reiterated an "outperform" rating and set a $45.00 price target (down from $60.00) on shares of Trade Desk in a research report on Monday, January 5th. Citizens Jmp lowered Trade Desk from an "outperform" rating to a "market perform" rating in a report on Friday, January 23rd. Rosenblatt Securities decreased their price objective on shares of Trade Desk from $53.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Finally, Bank of America dropped their target price on shares of Trade Desk from $49.00 to $40.00 and set an "underperform" rating for the company in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $43.45.

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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