Hsbc Holdings PLC Has $39.12 Million Holdings in The Trade Desk $TTD

Key Points

• HSBC Holdings PLC boosted its stake in The Trade Desk by 11.9% in the fourth quarter, ending with 1,027,963 shares valued at about $39.1 million.
• The Trade Desk reported mixed quarterly results, with revenue of $688.86 million topping estimates but EPS of $0.08 missing expectations of $0.32; revenue still rose 11.8% year over year.
• Sentiment on the stock remains cautious: analysts have a consensus Hold rating with an average price target of $33.91, while shares were trading near $17.93 after a recent decline.

Hsbc Holdings PLC increased its position in The Trade Desk (NASDAQ:TTD - Free Report) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,027,963 shares of the technology company's stock after acquiring an additional 109,297 shares during the quarter. Hsbc Holdings PLC owned about 0.21% of Trade Desk worth $39,116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC lifted its position in shares of Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company's stock worth $27,000 after purchasing an additional 691 shares during the last quarter. Binnacle Investments Inc acquired a new stake in Trade Desk in the 3rd quarter valued at approximately $37,000. Albion Financial Group UT acquired a new stake in Trade Desk in the 4th quarter valued at approximately $30,000. Caitlin John LLC bought a new position in Trade Desk in the 3rd quarter worth approximately $41,000. Finally, Pinnacle Holdings LLC acquired a new position in shares of Trade Desk during the third quarter worth approximately $43,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Evercore set a $27.00 price objective on Trade Desk in a research report on Friday, May 8th. Rothschild & Co Redburn began coverage on shares of Trade Desk in a research note on Thursday, May 28th. They set a "sell" rating and a $11.00 target price for the company. UBS Group set a $31.00 target price on shares of Trade Desk and gave the company a "buy" rating in a research note on Tuesday, April 21st. Jefferies Financial Group restated a "hold" rating on shares of Trade Desk in a research report on Tuesday, March 17th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $22.00 price objective on shares of Trade Desk in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $33.91.

Trade Desk Stock Down 0.5%

Shares of TTD opened at $17.93 on Wednesday. The company has a 50-day moving average price of $21.42 and a two-hundred day moving average price of $27.19. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 0.87 and a beta of 1.05. The Trade Desk has a 12 month low of $17.21 and a 12 month high of $91.45.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.24). The company had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The company's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. Equities research analysts expect that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 25th that permits the company to buyback $350.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Insider Activity

In other news, Director Samantha Jacobson sold 53,681 shares of the company's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the sale, the director owned 13,099 shares of the company's stock, valued at approximately $276,912.86. This represents a 80.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.41% of the company's stock.

Trade Desk Profile

The Trade Desk, Inc NASDAQ: TTD is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

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