Korea Investment CORP Has $36.86 Million Stake in The Trade Desk $TTD

Key Points

• Korea Investment CORP has increased its stake in The Trade Desk by 111.9% to 673,558 shares, valued at approximately $36.86 million.
• The Trade Desk reported a net margin of 15.57% and a revenue of $694.04 million for the last quarter, missing EPS estimates by $0.24.
• Analyst ratings on The Trade Desk are mixed, with recent target prices ranging from $50.00 to $80.00 following varying assessments from firms like Bank of America and Morgan Stanley.

Korea Investment CORP grew its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 111.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 673,558 shares of the technology company's stock after acquiring an additional 355,618 shares during the period. Korea Investment CORP owned 0.14% of Trade Desk worth $36,857,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TTD. Brighton Jones LLC grew its holdings in Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after purchasing an additional 169 shares during the period. Peterson Wealth Services raised its stake in Trade Desk by 2.2% during the 1st quarter. Peterson Wealth Services now owns 8,992 shares of the technology company's stock worth $492,000 after buying an additional 190 shares during the period. Prosperity Consulting Group LLC boosted its holdings in Trade Desk by 2.6% in the fourth quarter. Prosperity Consulting Group LLC now owns 7,834 shares of the technology company's stock worth $921,000 after acquiring an additional 200 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in Trade Desk by 5.1% in the first quarter. Cornerstone Wealth Management LLC now owns 4,204 shares of the technology company's stock valued at $230,000 after acquiring an additional 205 shares during the period. Finally, Cornerstone Wealth Group LLC grew its stake in Trade Desk by 5.0% in the first quarter. Cornerstone Wealth Group LLC now owns 4,335 shares of the technology company's stock valued at $237,000 after acquiring an additional 205 shares during the period. 67.77% of the stock is owned by institutional investors.

Trade Desk Price Performance

TTD stock opened at $52.53 on Wednesday. The firm has a 50-day moving average of $73.50 and a 200 day moving average of $69.77. The company has a market cap of $25.68 billion, a P/E ratio of 63.29, a PEG ratio of 2.82 and a beta of 1.37. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53.

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 company had revenue of $694.04 million for the quarter, compared to analysts' expectations of $686.00 million. During the same quarter in the previous year, the firm 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. On average, equities research analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Bank of America reissued an "underperform" rating and issued a $55.00 price target (down from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Morgan Stanley increased their target price on shares of Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Piper Sandler cut their price target on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating on the stock in a report on Friday, August 8th. Jefferies Financial Group lowered shares of Trade Desk from a "buy" rating to a "hold" rating and decreased their price objective for the company from $100.00 to $50.00 in a research note on Monday, August 11th. Finally, UBS Group dropped their target price on shares of Trade Desk from $105.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.58.

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were 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. This represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.00% of the stock is owned by insiders.

Trade Desk Company 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.

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk (NASDAQ:TTD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.