Taikang Asset Management Hong Kong Co Ltd Has $4.67 Million Stock Holdings in The Trade Desk $TTD

Key Points

• Taikang Asset Management Hong Kong Co Ltd increased its stake in The Trade Desk by 12.3%, owning 85,273 shares worth $4.67 million as of its latest SEC filing.
• The Trade Desk reported an EPS of $0.18 for the last quarter, missing the consensus estimate of $0.42, despite generating revenues of $694.04 million.
• Wall Street analysts currently hold a consensus rating of "Moderate Buy" for The Trade Desk stock, with a target price of $88.58, and various ratings adjustments from significant financial institutions.

Taikang Asset Management Hong Kong Co Ltd lifted its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 12.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,273 shares of the technology company's stock after acquiring an additional 9,309 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd's holdings in Trade Desk were worth $4,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Tradition Wealth Management LLC increased its stake in shares of Trade Desk by 2.4% in the first quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company's stock worth $347,000 after acquiring an additional 150 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after acquiring an additional 169 shares during the last quarter. Peterson Wealth Services increased its stake in shares of Trade Desk by 2.2% in the first quarter. Peterson Wealth Services now owns 8,992 shares of the technology company's stock worth $492,000 after acquiring an additional 190 shares during the last quarter. Prosperity Consulting Group LLC increased its stake in shares of Trade Desk by 2.6% in the fourth quarter. Prosperity Consulting Group LLC now owns 7,834 shares of the technology company's stock worth $921,000 after acquiring an additional 200 shares during the last quarter. Finally, Cornerstone Wealth Management LLC increased its stake in shares of Trade Desk by 5.1% in the first quarter. Cornerstone Wealth Management LLC now owns 4,204 shares of the technology company's stock worth $230,000 after acquiring an additional 205 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

TTD stock opened at $53.20 on Monday. The business has a fifty day moving average price of $72.44 and a 200 day moving average price of $68.15. 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 capitalization of $26.01 billion, a price-to-earnings ratio of 64.10, a P/E/G ratio of 2.73 and a beta of 1.37.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). The business had revenue of $694.04 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Hsbc Global Res downgraded shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Truist Financial upped their price target on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Arete Research raised shares of Trade Desk to a "strong sell" rating in a research note on Monday, July 28th. JMP Securities reissued a "market outperform" rating and set a $100.00 target price on shares of Trade Desk in a research report on Tuesday, June 24th. Finally, Evercore ISI raised shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 target price on the stock in a research report on Friday, June 27th. 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $88.58.

Insider Activity at Trade Desk

In other 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 transaction of $4,676,622.20. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.00% of the company's stock.

Trade Desk Profile

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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