Fifth Third Bancorp Has $2.45 Million Position in The Trade Desk $TTD

Fifth Third Bancorp lowered its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 35.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,076 shares of the technology company's stock after selling 19,124 shares during the quarter. Fifth Third Bancorp's holdings in Trade Desk were worth $2,453,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TTD. Brighton Jones LLC grew its position in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after purchasing an additional 169 shares during the period. Bison Wealth LLC lifted its stake in Trade Desk by 24.3% during the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company's stock valued at $291,000 after acquiring an additional 485 shares in the last quarter. Toronto Dominion Bank lifted its stake in Trade Desk by 11.0% during the 4th quarter. Toronto Dominion Bank now owns 63,701 shares of the technology company's stock valued at $7,487,000 after acquiring an additional 6,310 shares in the last quarter. Centaurus Financial Inc. lifted its stake in Trade Desk by 84.2% during the 4th quarter. Centaurus Financial Inc. now owns 6,486 shares of the technology company's stock valued at $762,000 after acquiring an additional 2,965 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Trade Desk by 3,876.8% during the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock valued at $5,033,000 after acquiring an additional 89,671 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Transactions at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the sale, the director directly owned 5,035 shares in the company, valued at approximately $242,687. The trade was a 21.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 51,290 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the sale, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TTD. Piper Sandler dropped their price objective on Trade Desk from $65.00 to $64.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Wall Street Zen cut Trade Desk from a "hold" rating to a "sell" rating in a research note on Monday, September 1st. Hsbc Global Res cut Trade Desk from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Royal Bank Of Canada dropped their price objective on Trade Desk from $100.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Finally, Wells Fargo & Company cut Trade Desk from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $74.00 to $68.00 in a research note on Thursday, June 26th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Trade Desk currently has an average rating of "Hold" and a consensus price target of $87.21.

Trade Desk Price Performance

NASDAQ TTD opened at $47.14 on Friday. The stock has a market capitalization of $23.05 billion, a price-to-earnings ratio of 56.80, a PEG ratio of 2.43 and a beta of 1.36. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The business's fifty day moving average is $60.43 and its 200-day moving average is $63.00.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $686.00 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The company's revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. Research analysts expect that The Trade Desk will post 1.06 EPS for the current fiscal 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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