QRG Capital Management Inc. Grows Position in The Trade Desk $TTD

Key Points

• QRG Capital Management Inc. increased its stake in The Trade Desk by 9.9%, now holding 62,394 shares valued at approximately $4.49 million.
• Institutional investors own 67.77% of Trade Desk's stock, with various firms, including Fortis Capital Advisors and HighMark Wealth Management, adjusting their positions in the second quarter.
• Trade Desk posted earnings of $0.18 per share for the last quarter, missing expectations, but reported revenues of $694 million, surpassing forecasts.

QRG Capital Management Inc. lifted its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 9.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,394 shares of the technology company's stock after purchasing an additional 5,633 shares during the quarter. QRG Capital Management Inc.'s holdings in Trade Desk were worth $4,492,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fortis Capital Advisors LLC boosted its holdings in shares of Trade Desk by 2.0% during the 2nd quarter. Fortis Capital Advisors LLC now owns 16,038 shares of the technology company's stock valued at $1,155,000 after buying an additional 315 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Trade Desk during the 2nd quarter valued at about $97,000. HighMark Wealth Management LLC lifted its position in Trade Desk by 46.2% during the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company's stock valued at $34,000 after acquiring an additional 151 shares during the period. Pure Financial Advisors LLC boosted its stake in Trade Desk by 14.5% during the second quarter. Pure Financial Advisors LLC now owns 5,662 shares of the technology company's stock worth $408,000 after acquiring an additional 718 shares in the last quarter. Finally, Truist Financial Corp grew its holdings in Trade Desk by 7.2% in the second quarter. Truist Financial Corp now owns 136,622 shares of the technology company's stock worth $9,835,000 after purchasing an additional 9,210 shares during the period. Institutional investors own 67.77% of the company's stock.

Insider Buying and Selling at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the transaction, the director directly owned 5,035 shares in the company, valued at $242,687. This trade represents a 21.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction on Thursday, August 7th. The stock was 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 directly owned 218,246 shares of the company's stock, valued at $19,899,670.28. The trade was a 19.03% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TTD shares. Royal Bank Of Canada lowered their target price on shares of Trade Desk from $100.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Wells Fargo & Company set a $53.00 target price on Trade Desk and gave the stock an "equal weight" rating in a report on Monday. Citigroup restated an "outperform" rating on shares of Trade Desk in a report on Tuesday, September 30th. Morgan Stanley cut shares of Trade Desk from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $80.00 to $50.00 in a research note on Wednesday, September 10th. Finally, Rosenblatt Securities restated a "buy" rating on shares of Trade Desk in a research note on Friday, August 8th. Twenty-one analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $84.48.

Trade Desk Stock Performance

TTD opened at $53.14 on Tuesday. The company's 50-day simple moving average is $56.38 and its two-hundred day simple moving average is $62.89. The stock has a market capitalization of $25.98 billion, a P/E ratio of 64.02, a P/E/G ratio of 2.76 and a beta of 1.38. 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 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). The company had revenue of $694.04 million for the quarter, compared to analysts' expectations of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm's revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. Research analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

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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