Nomura Holdings Inc. Acquires 147,236 Shares of The Trade Desk $TTD

Key Points

• Nomura Holdings Inc. increased its stake in The Trade Desk by 832.6% in the first quarter, acquiring a total of 164,919 shares valued at approximately $9.02 million.
• Analysts have adjusted their price targets for The Trade Desk, with Oppenheimer raising theirs from $80 to $110, while Citigroup reduced theirs from $90 to $65.
• The Trade Desk reported an EPS of $0.18 for the last quarter, missing estimates, but its revenue increased by 18.7% year-over-year to $694.04 million.

Nomura Holdings Inc. raised its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 832.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 164,919 shares of the technology company's stock after acquiring an additional 147,236 shares during the period. Nomura Holdings Inc.'s holdings in Trade Desk were worth $9,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its stake in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after purchasing an additional 169 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Trade Desk by 788.7% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 23,834 shares of the technology company's stock valued at $2,801,000 after buying an additional 21,152 shares during the period. Comerica Bank boosted its holdings in shares of Trade Desk by 11.1% in the fourth quarter. Comerica Bank now owns 78,205 shares of the technology company's stock valued at $9,191,000 after buying an additional 7,806 shares during the period. Bison Wealth LLC raised its holdings in shares of Trade Desk by 24.3% during the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company's stock worth $291,000 after acquiring an additional 485 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Trade Desk by 20.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 65,937 shares of the technology company's stock worth $7,750,000 after acquiring an additional 11,037 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

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 directly owned 218,246 shares in the company, valued at $19,899,670.28. The trade was a 19.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.00% of the stock is currently owned by corporate insiders.

Trade Desk Trading Down 0.9%

Shares of NASDAQ:TTD traded down $0.48 during trading on Tuesday, hitting $54.18. 7,776,411 shares of the company were exchanged, compared to its average volume of 11,215,558. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The stock has a market cap of $26.49 billion, a price-to-earnings ratio of 65.28, a P/E/G ratio of 2.81 and a beta of 1.36. The firm has a fifty day moving average price of $70.63 and a two-hundred day moving average price of $65.89.

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

Analyst Ratings Changes

TTD has been the topic of a number of research reports. HSBC restated a "hold" rating and issued a $56.00 price target on shares of Trade Desk in a report on Monday, August 11th. KeyCorp boosted their target price on Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Moffett Nathanson downgraded Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 price target for the company. in a research report on Friday, August 8th. Jefferies Financial Group downgraded shares of Trade Desk from a "buy" rating to a "hold" rating and lowered their price objective for the company from $100.00 to $50.00 in a report on Monday, August 11th. Finally, BMO Capital Markets cut their price objective on shares of Trade Desk from $115.00 to $98.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Trade Desk currently has a consensus rating of "Moderate Buy" and an average price target of $88.58.

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.