First Hawaiian Bank Sells 13,515 Shares of The Trade Desk $TTD

Key Points

• First Hawaiian Bank reduced its stake in The Trade Desk by 39.8% in Q1, selling 13,515 shares and now holds a total of 20,440 shares worth $1,118,000.
• Trade Desk reported Q2 earnings of $0.18 EPS, missing estimates of $0.42 EPS, while revenue increased 18.7% to $694.04 million.
• Analysts have diverse ratings on Trade Desk, with a consensus target price of $87.67 and some firms adjusting their ratings and price targets significantly in recent reports.

First Hawaiian Bank decreased its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 39.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,440 shares of the technology company's stock after selling 13,515 shares during the period. First Hawaiian Bank's holdings in Trade Desk were worth $1,118,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Intech Investment Management LLC grew its stake in Trade Desk by 5,779.8% in the first quarter. Intech Investment Management LLC now owns 241,837 shares of the technology company's stock valued at $13,233,000 after purchasing an additional 237,724 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Trade Desk by 3,876.8% during the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock worth $5,033,000 after purchasing an additional 89,671 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of Trade Desk in the 1st quarter valued at approximately $995,000. Geneos Wealth Management Inc. grew its stake in shares of Trade Desk by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 56,413 shares of the technology company's stock valued at $3,087,000 after buying an additional 21,199 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in Trade Desk by 38.5% during the first quarter. Panagora Asset Management Inc. now owns 811,235 shares of the technology company's stock worth $44,391,000 after buying an additional 225,638 shares during the last quarter. Institutional investors own 67.77% of the company's stock.

Trade Desk Price Performance

TTD opened at $45.15 on Friday. The business has a fifty day simple moving average of $66.75 and a 200 day simple moving average of $64.37. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The company has a market capitalization of $22.08 billion, a PE ratio of 54.40, a price-to-earnings-growth ratio of 2.32 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share 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 firm had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. During the same period in the prior year, the business posted $0.39 EPS. The firm's quarterly revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. Equities analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the sale, the director owned 5,035 shares of the company's stock, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jay R. Grant sold 51,290 shares of the 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 sale, the insider owned 218,246 shares in the company, valued at $19,899,670.28. The trade was a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Evercore ISI upgraded shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price objective on the stock in a research note on Friday, June 27th. Moffett Nathanson cut Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 price target for the company. in a report on Friday, August 8th. JMP Securities restated a "market outperform" rating and issued a $100.00 price objective on shares of Trade Desk in a research note on Tuesday, June 24th. Bank of America reaffirmed an "underperform" rating and issued a $55.00 price objective (down from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Finally, Morgan Stanley lowered Trade Desk from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $80.00 to $50.00 in a report on Wednesday. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $87.67.

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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