Jericho Capital Asset Management L.P. Acquires 243,000 Shares of The Trade Desk $TTD

Key Points

• Jericho Capital Asset Management L.P. increased its stake in The Trade Desk by 18.2%, acquiring an additional 243,000 shares, bringing its total holdings to 1,581,000 shares valued at approximately $86.5 million.
• The Trade Desk reported an EPS of $0.18 for the last quarter, falling short of the consensus estimate of $0.42, despite achieving a revenue of $694.04 million, which was above analysts' expectations.
• Recent shifts in analyst ratings have seen several firms downgrade Trade Desk, with a majority consensus rating of "Moderate Buy" and an average target price of $88.58.

Jericho Capital Asset Management L.P. boosted its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 18.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,581,000 shares of the technology company's stock after purchasing an additional 243,000 shares during the period. Trade Desk comprises 1.6% of Jericho Capital Asset Management L.P.'s portfolio, making the stock its 21st biggest holding. Jericho Capital Asset Management L.P. owned about 0.32% of Trade Desk worth $86,512,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Trade Desk by 27.1% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 24,786 shares of the technology company's stock worth $1,356,000 after buying an additional 5,286 shares in the last quarter. EFG Asset Management North America Corp. boosted its stake in Trade Desk by 10.7% in the 1st quarter. EFG Asset Management North America Corp. now owns 40,201 shares of the technology company's stock valued at $2,199,000 after buying an additional 3,901 shares in the last quarter. Concorde Asset Management LLC grew its position in Trade Desk by 55.6% in the first quarter. Concorde Asset Management LLC now owns 17,278 shares of the technology company's stock valued at $935,000 after acquiring an additional 6,173 shares during the period. Federation des caisses Desjardins du Quebec raised its stake in Trade Desk by 0.6% during the first quarter. Federation des caisses Desjardins du Quebec now owns 41,510 shares of the technology company's stock worth $2,272,000 after acquiring an additional 260 shares in the last quarter. Finally, Ashton Thomas Securities LLC lifted its holdings in shares of Trade Desk by 2.6% during the first quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company's stock valued at $315,000 after acquiring an additional 144 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the business's 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 completion of the sale, the insider directly owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.00% of the stock is currently owned by insiders.

Trade Desk Stock Performance

NASDAQ:TTD opened at $51.92 on Friday. The company has a market cap of $25.39 billion, a price-to-earnings ratio of 62.55, a P/E/G ratio of 2.76 and a beta of 1.36. The stock's fifty day moving average price is $69.63 and its two-hundred day moving average price is $65.53. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $686.00 million. During the same period last year, the business posted $0.39 earnings per share. The firm's quarterly revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TTD shares. Wall Street Zen lowered shares of Trade Desk from a "hold" rating to a "sell" rating in a report on Monday. Scotiabank reduced their price target on shares of Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, August 8th. BTIG Research cut shares of Trade Desk from a "buy" rating to a "neutral" rating in a research note on Friday, August 8th. BMO Capital Markets cut their target price on shares of Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Finally, Oppenheimer increased their price target on Trade Desk from $80.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $88.58.

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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