Concorde Asset Management LLC Grows Position in The Trade Desk $TTD

Key Points

• Concorde Asset Management LLC has increased its stake in The Trade Desk by 55.6%, holding a total of 17,278 shares worth approximately $935,000 as of the latest SEC filing.
• The Trade Desk reported earnings per share (EPS) of $0.18, which missed analysts' expectations of $0.42, despite achieving revenue of $694.04 million for the quarter.
• HSBC and Oppenheimer have differing views on Trade Desk, with HSBC maintaining a "hold" rating and Oppenheimer increasing its price target significantly to $110.00 and giving an "outperform" rating.

Concorde Asset Management LLC increased its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 55.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,278 shares of the technology company's stock after buying an additional 6,173 shares during the period. Trade Desk comprises about 0.5% of Concorde Asset Management LLC's portfolio, making the stock its 25th biggest position. Concorde Asset Management LLC's holdings in Trade Desk were worth $935,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Investment Management Corp VA ADV purchased a new stake in shares of Trade Desk during the fourth quarter worth approximately $25,000. Banque Cantonale Vaudoise purchased a new stake in shares of Trade Desk during the first quarter worth approximately $26,000. Cloud Capital Management LLC purchased a new stake in shares of Trade Desk during the first quarter worth approximately $27,000. von Borstel & Associates Inc. purchased a new stake in shares of Trade Desk during the first quarter worth approximately $31,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Trade Desk during the first quarter worth approximately $35,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Trading Down 0.8%

Shares of TTD opened at $53.77 on Thursday. The firm has a market cap of $26.29 billion, a PE ratio of 64.78, a price-to-earnings-growth ratio of 2.81 and a beta of 1.36. The company's 50 day simple moving average is $69.96 and its 200-day simple moving average is $65.73. 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 announced its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). The business had revenue of $694.04 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on TTD shares. HSBC reiterated a "hold" rating and issued a $56.00 price target on shares of Trade Desk in a research note on Monday, August 11th. Arete Research upgraded shares of Trade Desk to a "strong sell" rating in a research note on Monday, July 28th. Oppenheimer increased their price target on shares of Trade Desk from $80.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Piper Sandler dropped their price target on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Finally, Wall Street Zen lowered shares of Trade Desk from a "hold" rating to a "sell" rating in a research note on Monday. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Trade Desk currently has an average rating of "Moderate Buy" and an average target price of $88.58.

Insider Activity

In other news, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly 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 legal filing with the SEC, which is accessible through this link. Company 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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