Comerica Bank Has $5.60 Million Stock Holdings in The Trade Desk $TTD

Key Points

• Comerica Bank increased its stake in The Trade Desk by 30.8%, acquiring a total of 102,293 shares valued at approximately $5.60 million.
• Analysts have recently adjusted their price targets, with KeyCorp raising theirs to $95.00, while Wells Fargo lowered it to $68.00, indicating varied expectations for the stock's performance.
• Trade Desk reported an earnings miss of $0.24 below expectations, with earnings per share at $0.18 and revenue of $694.04 million for the most recent quarter.

Comerica Bank boosted its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 30.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,293 shares of the technology company's stock after buying an additional 24,088 shares during the period. Comerica Bank's holdings in Trade Desk were worth $5,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Trade Desk by 3.7% during the first quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock valued at $2,420,689,000 after buying an additional 1,567,491 shares during the period. Brown Advisory Inc. raised its position in Trade Desk by 198.4% during the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after buying an additional 5,387,339 shares during the period. Bank of America Corp DE raised its position in Trade Desk by 13.2% during the fourth quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock valued at $422,150,000 after buying an additional 418,911 shares during the period. Nuveen LLC acquired a new position in Trade Desk during the first quarter valued at $191,935,000. Finally, Nuveen Asset Management LLC raised its position in 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 valued at $334,260,000 after buying an additional 523,627 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. KeyCorp upped their price target on Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Citizens Jmp dropped their price target on Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Morgan Stanley upped their target price on Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Wells Fargo & Company lowered Trade Desk from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $74.00 to $68.00 in a research report on Thursday, June 26th. Finally, Wall Street Zen raised Trade Desk from a "sell" rating to a "hold" rating in a research report on Sunday, August 24th. Twenty-one equities research 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $88.58.

Insider Activity

In other news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was 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 owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.00% of the company's stock.

Trade Desk Price Performance

Shares of TTD stock opened at $55.36 on Friday. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The stock's 50-day moving average is $71.19 and its two-hundred day moving average is $67.02. The firm has a market cap of $27.07 billion, a P/E ratio of 66.70, a PEG ratio of 2.70 and a beta of 1.37.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly 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 company had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The business's revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. As a group, research analysts expect that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk 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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