Baillie Gifford & Co. Has $846.74 Million Position in The Trade Desk $TTD

Key Points

• Baillie Gifford cut its stake in The Trade Desk by 23.4% in Q4, selling 6.81 million shares and retaining 22.31 million shares worth about $846.74 million (≈4.61% of the company).
• The company approved a $350 million share repurchase (up to 2.9% of shares) after reporting revenue up 14.3% year‑over‑year and meeting EPS estimates, a signal management thinks the stock may be undervalued.
• Director Kathryn E. Falberg sold 102,828 shares for roughly $3.13 million, and analysts have trimmed targets and ratings—TTD carries a consensus "Hold" rating with an average target of about $41.91.

Baillie Gifford & Co. lowered its position in The Trade Desk (NASDAQ:TTD - Free Report) by 23.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,305,995 shares of the technology company's stock after selling 6,809,124 shares during the quarter. Baillie Gifford & Co. owned 4.61% of Trade Desk worth $846,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TTD. State Street Corp increased its position in Trade Desk by 271.1% during the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company's stock valued at $1,781,723,000 after purchasing an additional 26,559,005 shares during the period. Vanguard Group Inc. increased its position in Trade Desk by 27.7% during the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company's stock valued at $2,787,486,000 after purchasing an additional 12,321,000 shares during the period. Invesco Ltd. increased its position in Trade Desk by 101.0% during the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company's stock valued at $333,659,000 after purchasing an additional 3,421,074 shares during the period. Viking Global Investors LP acquired a new stake in shares of Trade Desk during the 2nd quarter worth approximately $192,524,000. Finally, Barclays PLC grew its position in shares of Trade Desk by 326.5% during the 3rd quarter. Barclays PLC now owns 3,048,438 shares of the technology company's stock worth $149,404,000 after buying an additional 2,333,744 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Activity at Trade Desk

In related news, Director Kathryn E. Falberg sold 102,828 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the completion of the transaction, the director owned 1,946 shares in the company, valued at $59,255.70. This represents a 98.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on TTD. BMO Capital Markets cut their target price on Trade Desk from $98.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, February 26th. Guggenheim reaffirmed a "buy" rating and set a $50.00 target price (down from $55.00) on shares of Trade Desk in a research report on Monday, January 5th. Wells Fargo & Company decreased their price objective on Trade Desk from $25.00 to $24.00 and set an "equal weight" rating for the company in a report on Monday, April 6th. Loop Capital lowered Trade Desk from a "buy" rating to a "hold" rating and reduced their target price for the company from $75.00 to $25.00 in a report on Thursday, February 26th. Finally, Cfra reaffirmed a "hold" rating and set a $40.00 target price on shares of Trade Desk in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Trade Desk has a consensus rating of "Hold" and an average target price of $41.91.

Trade Desk News Summary

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Some value/bargain narratives argue the shares are now attractively priced after the selloff, highlighting long‑term franchise strength and labeling TTD a potential turnaround/deep value opportunity. The Trade Desk: Macro Headwinds Aside, This Is A Tremendous Bargain (Upgrade)
• Positive Sentiment: Another bullish take frames TTD as a "deep value" stock after the drop, suggesting patient investors could be rewarded if macro/advertising demand stabilizes. The Trade Desk Is Now A Deep Value Stock
• Neutral Sentiment: TTD is pushing Joint Business Plans (now over half its business) to deepen advertiser relationships — a revenue strategy that can support growth but may compress margins and raise near‑term execution risk. Trade Desk Strengthens Growth With Joint Business Plans
• Neutral Sentiment: Fundamental anchor: the most recent quarter matched EPS and slightly beat revenue estimates (revenue +14% y/y) — helpful context but not enough to offset the market's concern about slower ad spend and margin pressure.
• Negative Sentiment: Wells Fargo trimmed its price target and reduced Q2–Q4 earnings forecasts, signaling analyst concerns about demand and near‑term growth — a direct catalyst for selling pressure. Wells Fargo Trims PT on The Trade Desk (TTD), Reduces Q2-Q4 Forecasts
• Negative Sentiment: Analyst downgrades and coverage questioning the stock's outlook have pushed TTD to a new 12‑month low, amplifying technical selling and headline risk. Trade Desk NASDAQ: TTD Sets New 12-Month Low Following Analyst Downgrade
• Negative Sentiment: Investor lawsuits / shareholder probes alleging insider breaches add legal and governance uncertainty that can weigh on sentiment and attract short‑term selling. Did The Trade Desk, Inc. Insiders Breach their Fiduciary Duties to Shareholders?
• Negative Sentiment: Competitive risk: AppLovin's expansion into self‑serve e‑commerce ad tools could broaden competition for advertiser dollars, increasing pressure on TTD's growth and pricing power. AppLovin's E-Commerce Expansion Could Unlock a New Growth Engine

Trade Desk Price Performance

Trade Desk stock opened at $20.09 on Monday. The Trade Desk has a twelve month low of $19.74 and a twelve month high of $91.45. The firm has a fifty day simple moving average of $24.82 and a two-hundred day simple moving average of $36.17. The company has a market capitalization of $9.56 billion, a PE ratio of 22.32, a P/E/G ratio of 0.79 and a beta of 1.18.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.The firm had revenue of $846.79 million during the quarter, compared to the consensus estimate of $840.56 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business's revenue was up 14.3% on a year-over-year basis. As a group, equities analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has approved a share repurchase program on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Trade Desk Company 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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