Raymond James Financial Inc. Trims Stock Holdings in The Trade Desk $TTD

Key Points

• Raymond James Financial Inc. has reduced its stake in The Trade Desk by 32.7%, selling 644,987 shares and now holding approximately 1.3 million shares valued at $72.5 million.
• Several other institutional investors, including Brighton Jones LLC and MML Investors Services LLC, have increased their stakes in The Trade Desk, contributing to a combined institutional ownership of 67.77%.
• After a recent earnings report, Trade Desk's stock price was impacted by lowered price targets from analysts, with Guggenheim cutting its target from $110 to $90 while maintaining a "buy" rating.

Raymond James Financial Inc. lowered its position in The Trade Desk (NASDAQ:TTD - Free Report) by 32.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,325,318 shares of the technology company's stock after selling 644,987 shares during the quarter. Raymond James Financial Inc. owned approximately 0.27% of Trade Desk worth $72,521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTD. Brighton Jones LLC lifted its stake in Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after buying an additional 169 shares during the last quarter. First Trust Advisors LP lifted its stake in Trade Desk by 2.3% in the fourth quarter. First Trust Advisors LP now owns 606,877 shares of the technology company's stock valued at $71,326,000 after buying an additional 13,422 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Trade Desk by 23.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 20,204 shares of the technology company's stock valued at $2,375,000 after buying an additional 3,824 shares during the last quarter. Norinchukin Bank The lifted its stake in Trade Desk by 8.3% in the fourth quarter. Norinchukin Bank The now owns 4,561 shares of the technology company's stock valued at $536,000 after buying an additional 349 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in Trade Desk by 38.9% in the fourth quarter. MML Investors Services LLC now owns 86,338 shares of the technology company's stock valued at $10,147,000 after buying an additional 24,201 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company's stock.

Wall Street Analyst Weigh In

TTD has been the subject of a number of research reports. Guggenheim reduced their price objective on Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Citigroup reiterated a "neutral" rating and issued a $65.00 price objective (down previously from $90.00) on shares of Trade Desk in a research note on Friday, August 8th. KeyCorp boosted their price objective on Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Citizens Jmp cut their price target on Trade Desk from $115.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, Royal Bank Of Canada cut their price target on Trade Desk from $100.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $88.58.

Trade Desk Price Performance

Trade Desk stock opened at $52.53 on Wednesday. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The business has a 50 day simple moving average of $73.50 and a 200-day simple moving average of $69.77. The stock has a market capitalization of $25.68 billion, a PE ratio of 63.29, a price-to-earnings-growth ratio of 2.82 and a beta of 1.37.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results 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 for 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%.Trade Desk's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the 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 transaction, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The transaction 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.

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