State of New Jersey Common Pension Fund D Has $8.55 Million Stock Holdings in The Trade Desk $TTD

Key Points

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State of New Jersey Common Pension Fund D cut its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,224 shares of the technology company's stock after selling 8,543 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Trade Desk were worth $8,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TTD. Investment Management Corp VA ADV acquired a new position in Trade Desk during the fourth quarter worth $25,000. Banque Cantonale Vaudoise bought a new stake in Trade Desk during the first quarter valued at about $26,000. Cloud Capital Management LLC bought a new stake in shares of Trade Desk in the first quarter valued at about $27,000. von Borstel & Associates Inc. bought a new stake in shares of Trade Desk in the first quarter valued at about $31,000. Finally, Alpine Bank Wealth Management bought a new stake in shares of Trade Desk in the first quarter valued at about $35,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTD has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $84.00 price target on shares of Trade Desk in a research report on Monday, August 11th. Oppenheimer raised their price target on shares of Trade Desk from $80.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. UBS Group lowered their price target 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. Bank of America reissued an "underperform" rating and issued a $55.00 price target (down previously from $130.00) on shares of Trade Desk in a report on Friday, August 8th. Finally, Wall Street Zen lowered shares of Trade Desk from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $88.58.

Insider Buying and Selling

In other Trade Desk 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 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 sale was disclosed in a filing with the SEC, which is available through this link. 10.00% of the stock is owned by company insiders.

Trade Desk Stock Down 0.4%

TTD traded down $0.2170 during trading on Thursday, hitting $52.3130. The company had a trading volume of 2,862,568 shares, compared to its average volume of 11,296,484. The firm's 50-day moving average price is $73.10 and its 200 day moving average price is $69.65. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The company has a market capitalization of $25.58 billion, a PE ratio of 62.98, a PEG ratio of 2.70 and a beta of 1.37.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued 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). 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 for the quarter, compared to the consensus estimate of $686.00 million. During the same period last year, the firm earned $0.39 earnings per share. The company's quarterly revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that The Trade Desk will post 1.06 earnings per share for the current 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.