Caisse DE Depot ET Placement DU Quebec Sells 118,209 Shares of The Trade Desk $TTD

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its stake in The Trade Desk by 66.3%, selling 118,209 shares and leaving it with 60,000 shares valued at approximately $3.28 million.
• Institutional investors now own 67.77% of The Trade Desk's stock, with notable increased holdings from firms like Brown Advisory Inc. and Vanguard Group Inc.
• Research analysts have mixed opinions on the stock, with a consensus price target of $88.58, and ratings ranging from "overweight" to "neutral."

Caisse DE Depot ET Placement DU Quebec lessened its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 66.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,000 shares of the technology company's stock after selling 118,209 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Trade Desk were worth $3,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TTD. Brown Advisory Inc. raised 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 valued at $443,358,000 after acquiring an additional 5,387,339 shares during the period. Nuveen LLC bought a new position in Trade Desk during the 1st quarter worth $191,935,000. Vanguard Group Inc. increased its position in Trade Desk by 3.7% during 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 during the period. Nuveen Asset Management LLC increased its position in Trade Desk by 22.6% during the 4th 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, Congress Asset Management Co. increased its position in Trade Desk by 47.1% during the 1st quarter. Congress Asset Management Co. now owns 1,478,070 shares of the technology company's stock worth $80,880,000 after buying an additional 473,132 shares during the period. Institutional investors own 67.77% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TTD shares. KeyCorp increased their price objective on Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Rosenblatt Securities reiterated a "buy" rating on shares of Trade Desk in a research report on Friday, August 8th. BTIG Research cut Trade Desk from a "buy" rating to a "neutral" rating in a research report on Friday, August 8th. Piper Sandler lowered their price objective on Trade Desk from $65.00 to $64.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded Trade Desk from a "sell" rating to a "hold" rating in a research report on Sunday, August 24th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $88.58.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $55.36 on Friday. 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 $27.07 billion, a P/E ratio of 66.70, a PEG ratio of 2.70 and a beta of 1.37. The stock's fifty day moving average is $71.19 and its 200 day moving average is $67.02.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued 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 return on equity of 15.19% and a net margin of 15.57%.The company had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. During the same quarter in the previous year, the business posted $0.39 EPS. The firm's revenue for the quarter was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. Equities research analysts forecast that The Trade Desk will post 1.06 earnings per share for the current year.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction on 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 transaction, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.00% of the company's stock.

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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