Norinchukin Bank The Purchases 7,797 Shares of The Trade Desk $TTD

Key Points

• Norinchukin Bank increased its stake in The Trade Desk by 170.9%, acquiring an additional 7,797 shares and bringing its total holdings to 12,358 shares valued at $676,000.
• Various institutional investors, including Vanguard and Brown Advisory, have also increased their stakes in The Trade Desk, reflecting growing confidence in the company.
• Analyst ratings for The Trade Desk are mixed, with a consensus rating of "Moderate Buy" and an average target price of $88.58 despite recent price reductions from firms like UBS and Citizens Jmp.

Norinchukin Bank The grew its position in The Trade Desk (NASDAQ:TTD - Free Report) by 170.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,358 shares of the technology company's stock after acquiring an additional 7,797 shares during the period. Norinchukin Bank The's holdings in Trade Desk were worth $676,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Trade Desk by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock valued at $2,420,689,000 after acquiring an additional 1,567,491 shares during the period. Brown Advisory Inc. grew its position 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 acquiring an additional 5,387,339 shares during the period. Bank of America Corp DE grew its position in shares of Trade Desk by 13.2% in the 4th quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock valued at $422,150,000 after acquiring an additional 418,911 shares during the period. Nuveen LLC bought a new stake in shares of Trade Desk during the 1st quarter worth about $191,935,000. Finally, Northern Trust Corp boosted its holdings in shares of Trade Desk by 16.6% during the 4th quarter. Northern Trust Corp now owns 3,090,014 shares of the technology company's stock worth $363,169,000 after buying an additional 439,725 shares during the period. Institutional investors own 67.77% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Citizens Jmp reduced their target price on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, May 9th. UBS Group reduced their target price on shares of Trade Desk from $105.00 to $80.00 and set a "buy" rating for the company in a report on Friday, August 15th. Arete Research raised shares of Trade Desk to a "strong sell" rating in a report on Monday, July 28th. HSBC reaffirmed a "hold" rating and set a $56.00 target price on shares of Trade Desk in a report on Monday, August 11th. Finally, KeyCorp lifted their target price on shares of Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. 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. Based on data from MarketBeat.com, Trade Desk currently has a consensus rating of "Moderate Buy" and an average target price of $88.58.

Trade Desk Stock Up 1.7%

Shares of Trade Desk stock opened at $53.20 on Monday. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The company has a 50-day simple moving average of $72.44 and a two-hundred day simple moving average of $68.15. The stock has a market capitalization of $26.01 billion, a price-to-earnings ratio of 64.10, a price-to-earnings-growth ratio of 2.73 and a beta of 1.37.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data 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). Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The business had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. During the same quarter last year, the firm earned $0.39 EPS. Trade Desk's revenue for the quarter was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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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