Bank of America Corp DE Acquires 1,141,704 Shares of The Trade Desk $TTD

Key Points

• Bank of America increased its Trade Desk stake by 33.5%, acquiring 1,141,704 shares to hold 4.55 million shares worth approximately $103.2 million. Institutional investors collectively own 67.77% of the company.
• Trade Desk shares have fallen sharply, opening at $13.80 versus a 12-month high of $57.00. The company missed its quarterly EPS estimate despite revenue of $688.9 million, although revenue grew 11.8% year over year.
• Analyst sentiment has weakened amid disappointing guidance, execution concerns and lower profitability. The stock carries a “Reduce” consensus rating with an average price target of $20.85, while an insider recently sold 53,681 shares.

Bank of America Corp DE grew its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 33.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,548,894 shares of the technology company's stock after acquiring an additional 1,141,704 shares during the quarter. Bank of America Corp DE owned 0.97% of Trade Desk worth $103,214,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TTD. State Street Corp lifted its holdings in shares of Trade Desk by 271.1% during the third 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 in the last quarter. Invesco Ltd. boosted its holdings in shares of 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 acquiring an additional 3,421,074 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Trade Desk by 59.0% during the first quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company's stock valued at $123,446,000 after purchasing an additional 2,018,525 shares during the last quarter. Norges Bank purchased a new position in shares of Trade Desk during the fourth quarter valued at approximately $197,550,000. Finally, Federated Hermes Inc. raised its stake in Trade Desk by 1,041.1% during the 4th quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company's stock valued at $178,824,000 after buying an additional 4,298,009 shares during the last quarter. Institutional investors own 67.77% of the company's stock.

Insider Transactions at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the sale, the director owned 13,099 shares in the company, valued at $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 11.41% of the stock is currently owned by company insiders.

Trade Desk Trading Down 21.9%

NASDAQ TTD opened at $13.80 on Friday. The Trade Desk has a 12 month low of $12.83 and a 12 month high of $57.00. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.85 and a beta of 1.04. The company's 50 day moving average is $18.82 and its two-hundred day moving average is $22.79.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a return on equity of 16.19% and a net margin of 13.61%.The firm had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. During the same period in the prior year, the company posted $0.33 EPS. The company's quarterly revenue was up 11.8% on a year-over-year basis. Sell-side analysts forecast that The Trade Desk will post 1.17 EPS for the current year.

Key Stories Impacting Trade Desk

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

• Positive Sentiment: Customer retention remained strong, and management highlighted ongoing product improvements and major advertising partnerships. CEO Jeff Green has also reportedly purchased shares, potentially signaling confidence in the long-term opportunity. TTD Stock Sinks Over 26% On Earnings Miss, Weak Outlook
• Neutral Sentiment: Analysts substantially reduced price targets and ratings following the release. Needham retained a Buy rating with a $19 target, while other targets ranged from $12 to $15, reflecting significant disagreement over whether the selloff creates value or signals a prolonged downturn. The Trade Desk downgraded by Susquehanna
• Negative Sentiment: Second-quarter revenue rose only 3% year over year to approximately $715 million, below the roughly $753 million consensus estimate. Adjusted EPS was 34 cents; although estimates vary, several reports characterized profit as below expectations and noted that EPS declined from 41 cents a year earlier. Trade Desk Stock Slumps After Revenue Misses Forecasts
• Negative Sentiment: Third-quarter revenue guidance of about $650 million was well below Wall Street expectations and implies a potential year-over-year revenue decline—the first such decline forecast since the company’s IPO. The outlook suggests that weak consumer spending, tariffs, oil prices and cautious spending by large brands are affecting advertising budgets. Trade Desk shares plunge on weak revenue, guidance miss
• Negative Sentiment: Management acknowledged execution gaps and a changing customer environment, while profitability also weakened: adjusted EBITDA fell to approximately $241 million and margins contracted. The rapid restructuring of the C-suite added to investor uncertainty about execution and leadership stability. TTD Q2 Earnings Call Flags Execution Gaps and Cautious Q3 Guide

Analysts Set New Price Targets

Several analysts recently commented on the company. Cantor Fitzgerald cut their price objective on Trade Desk from $20.00 to $14.00 and set a "neutral" rating for the company in a report on Friday. Benchmark reissued a "buy" rating and issued a $20.00 target price (down from $30.00) on shares of Trade Desk in a report on Monday. HSBC raised Trade Desk from a "reduce" rating to a "hold" rating and set a $20.00 target price on the stock in a research report on Wednesday, July 8th. Guggenheim lowered shares of Trade Desk from a "buy" rating to a "neutral" rating and reduced their price target for the company from $25.00 to $12.00 in a research report on Friday. Finally, KeyCorp downgraded shares of Trade Desk from an "overweight" rating to a "sector weight" rating in a report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $20.85.

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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