MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Holdings in The Trade Desk $TTD

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in The Trade Desk by 16.9% during the first quarter, owning approximately 0.11% of the company valued at $30.52 million after acquiring 80,384 additional shares.
• Recent analyst reports indicate a generally positive outlook for The Trade Desk, with price targets ranging from $86.00 to $110.00 and an average rating of "Moderate Buy."
• Institutional investors currently own 67.77% of The Trade Desk's stock, indicating strong institutional interest in the company.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 16.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 556,197 shares of the technology company's stock after acquiring an additional 80,384 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.11% of Trade Desk worth $30,520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TTD. Investment Management Corp VA ADV purchased a new position in shares of Trade Desk during the fourth quarter worth approximately $25,000. Park Square Financial Group LLC purchased a new stake in shares of Trade Desk during the 4th quarter worth $47,000. Banque Cantonale Vaudoise purchased a new stake in Trade Desk during the first quarter valued at approximately $26,000. Fourth Dimension Wealth LLC acquired a new stake in Trade Desk in the fourth quarter worth about $56,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Trade Desk during the first quarter worth about $27,000. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TTD shares. KeyCorp upped their target price on Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. BTIG Research downgraded Trade Desk from a "buy" rating to a "neutral" rating in a research note on Friday, August 8th. JMP Securities reiterated a "market outperform" rating and set a $100.00 price target on shares of Trade Desk in a research report on Tuesday, June 24th. Piper Sandler cut their price objective on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating for the company in a report on Friday, August 8th. Finally, Scotiabank lowered their target price on shares of Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, August 8th. Twenty-one 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's stock. According to MarketBeat, Trade Desk currently has an average rating of "Moderate Buy" and an average price target of $88.58.

Trade Desk Trading Up 0.7%

TTD stock traded up $0.37 during midday trading on Tuesday, reaching $52.40. The stock had a trading volume of 7,827,625 shares, compared to its average volume of 11,161,149. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The company's fifty day simple moving average is $68.89 and its 200 day simple moving average is $65.05. The company has a market cap of $25.62 billion, a price-to-earnings ratio of 63.13, a price-to-earnings-growth ratio of 2.67 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). The business had revenue of $694.04 million during the quarter, compared to analysts' expectations of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The business's quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. Sell-side analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Insider Buying and Selling

In other news, insider Jay R. Grant sold 51,290 shares of the business's stock in a transaction dated 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 transaction, the insider 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 legal filing with the SEC, which can be accessed through this link. Insiders own 10.00% of the company's stock.

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.