Jacobs Levy Equity Management Inc. Has $96.13 Million Holdings in The Trade Desk $TTD

Key Points

• Jacobs Levy Equity Management Inc. significantly increased its holdings in The Trade Desk by 255.4%, owning approximately $96.13 million worth of the company's stock after purchasing over 1.2 million additional shares.
• Several institutional investors, including Brown Advisory Inc. and Vanguard Group Inc., also boosted their stakes in The Trade Desk during the 1st quarter, indicating strong institutional support for the company.
• The Trade Desk reported earnings per share of $0.18 for the last quarter, missing estimates by $0.24, but its revenue grew by 18.7% year-over-year, suggesting ongoing demand for its services despite the earnings miss.

Jacobs Levy Equity Management Inc. grew its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 255.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,756,805 shares of the technology company's stock after purchasing an additional 1,262,492 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.35% of Trade Desk worth $96,132,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Brown Advisory Inc. lifted its stake in shares of Trade Desk by 198.4% in the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after purchasing an additional 5,387,339 shares during the period. Nuveen LLC bought a new stake in Trade Desk in the first quarter valued at about $191,935,000. Vanguard Group Inc. lifted its stake in Trade Desk by 3.7% in 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. Champlain Investment Partners LLC bought a new position in Trade Desk during the first quarter worth about $66,948,000. Finally, Parnassus Investments LLC boosted its holdings in Trade Desk by 73.4% during the first quarter. Parnassus Investments LLC now owns 1,496,796 shares of the technology company's stock worth $81,905,000 after buying an additional 633,782 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Activity

In other news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction that occurred on 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 sale, the insider directly owned 218,246 shares in the company, valued at $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company cut Trade Desk from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $74.00 to $68.00 in a research note on Thursday, June 26th. Citigroup reaffirmed a "neutral" rating and issued a $65.00 target price (down previously from $90.00) on shares of Trade Desk in a research note on Friday, August 8th. Jefferies Financial Group cut shares of Trade Desk from a "buy" rating to a "hold" rating and reduced their price target for the stock from $100.00 to $50.00 in a research report on Monday, August 11th. JMP Securities reissued a "market outperform" rating and issued a $100.00 price target on shares of Trade Desk in a report on Tuesday, June 24th. Finally, Arete Research raised Trade Desk to a "strong sell" rating in a research note on Monday, July 28th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.58.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $51.92 on Friday. The firm has a market cap of $25.39 billion, a price-to-earnings ratio of 62.55, a price-to-earnings-growth ratio of 2.76 and a beta of 1.36. The stock's 50-day moving average is $69.63 and its 200-day moving average is $65.53. The Trade Desk has a one year low of $42.96 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted 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). The firm 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 firm's quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities analysts expect that The Trade Desk will post 1.06 EPS for the current year.

About Trade Desk

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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