BI Asset Management Fondsmaeglerselskab A S Purchases 7,203 Shares of The Trade Desk $TTD

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in The Trade Desk by 35.7%, acquiring an additional 7,203 shares, bringing their total holdings to 27,407 shares valued at approximately $1.5 million.
• Several institutional investors, including Vanguard Group and Brown Advisory, have also significantly increased their positions in The Trade Desk, indicating strong institutional interest with 67.77% of the company's stock held by such investors.
• Trade Desk's recent earnings report revealed a miss on EPS estimates, reporting $0.18 compared to expectations of $0.42, despite an increase in revenue of 18.7% year-over-year.

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 35.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,407 shares of the technology company's stock after acquiring an additional 7,203 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Trade Desk were worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Trade Desk by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock worth $2,420,689,000 after buying an additional 1,567,491 shares in the last quarter. Brown Advisory Inc. grew 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 buying an additional 5,387,339 shares in the last quarter. Bank of America Corp DE grew its stake in Trade Desk by 13.2% in the 4th quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock worth $422,150,000 after buying an additional 418,911 shares in the last quarter. Nuveen LLC purchased a new position in Trade Desk in the 1st quarter worth approximately $191,935,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Trade Desk by 3.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,375,266 shares of the technology company's stock worth $396,696,000 after buying an additional 99,634 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company's stock.

Insider Buying and Selling

In related news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction on 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 sale, the insider directly 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 filing with the SEC, which is available through this link. 10.00% of the stock is owned by corporate insiders.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $52.30 on Friday. The company has a fifty day moving average of $72.73 and a 200-day moving average of $69.20. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The stock has a market capitalization of $25.57 billion, a price-to-earnings ratio of 63.01, a price-to-earnings-growth ratio of 2.70 and a beta of 1.37.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TTD shares. Evercore ISI raised shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price target for the company in a research note on Friday, June 27th. Oppenheimer boosted their price target on shares of Trade Desk from $80.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. JMP Securities reaffirmed a "market outperform" rating and issued a $100.00 price objective on shares of Trade Desk in a research note on Tuesday, June 24th. Guggenheim cut their price objective on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, BTIG Research cut shares of Trade Desk from a "buy" rating to a "neutral" rating in a research note on Friday, August 8th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Trade Desk has a consensus rating of "Moderate Buy" and a consensus target price of $88.58.

About Trade Desk

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.