Baird Financial Group Inc. Decreases Position in The Trade Desk $TTD

Key Points

• Baird Financial Group Inc. reduced its holdings in The Trade Desk by 12.8% during the 1st quarter, leaving them with 91,967 shares valued at $5,032,000.
• Various hedge funds adjusted their positions, with Vanguard Group Inc. increasing its stake by 3.7% and Brown Advisory Inc. increasing theirs by 198.4% over the same period.
• The Trade Desk reported earnings of $0.18 per share, missing the expected $0.42, while achieving revenue of $694.04 million, which slightly exceeded estimates.

Baird Financial Group Inc. trimmed its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,967 shares of the technology company's stock after selling 13,462 shares during the quarter. Baird Financial Group Inc.'s holdings in Trade Desk were worth $5,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Trade Desk by 3.7% during the first quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock worth $2,420,689,000 after acquiring an additional 1,567,491 shares during the last quarter. Brown Advisory Inc. boosted its stake in Trade Desk by 198.4% in the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock worth $443,358,000 after purchasing an additional 5,387,339 shares in the last quarter. Nuveen LLC purchased a new stake in Trade Desk during the 1st quarter worth approximately $191,935,000. Nuveen Asset Management LLC lifted its stake in shares of Trade Desk by 22.6% during the fourth quarter. Nuveen Asset Management LLC now owns 2,844,036 shares of the technology company's stock worth $334,260,000 after buying an additional 523,627 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Trade Desk by 4.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,198,972 shares of the technology company's stock valued at $258,445,000 after buying an additional 89,592 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their target price on Trade Desk from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Wall Street Zen cut Trade Desk from a "hold" rating to a "sell" rating in a research note on Monday. KeyCorp upped their target price on Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. DA Davidson cut their price target on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Guggenheim reduced their price target on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $88.58.

Trade Desk Trading Down 3.4%

Trade Desk stock opened at $51.92 on Friday. The firm has a market cap of $25.39 billion, a PE ratio of 62.55, a P/E/G ratio of 2.76 and a beta of 1.36. The stock's 50 day simple moving average is $69.63 and its two-hundred day simple moving average is $65.53. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). The firm had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business's revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value 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. The trade was a 19.03% decrease in their position. The sale 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 corporate insiders.

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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