TD Asset Management Inc Sells 237,530 Shares of The Trade Desk $TTD

Key Points

• TD Asset Management Inc reduced its stake in The Trade Desk by 24.9%, selling 237,530 shares and leaving it with 718,172 shares worth approximately $51.7 million.
• Multiple institutional investors, including Wilmington Savings Fund Society FSB and Envestnet Portfolio Solutions Inc., made significant adjustments to their positions in The Trade Desk during the same quarter, reflecting ongoing interest in the stock.
• The Trade Desk's stock recently has a market cap of $24.98 billion, with a notable EPS decrease to $0.18, falling short of estimates by $0.24.

TD Asset Management Inc decreased its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 24.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 718,172 shares of the technology company's stock after selling 237,530 shares during the quarter. TD Asset Management Inc owned 0.15% of Trade Desk worth $51,701,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its position in Trade Desk by 15.8% during the second quarter. Wilmington Savings Fund Society FSB now owns 8,314 shares of the technology company's stock worth $599,000 after purchasing an additional 1,136 shares during the period. Morningstar Investment Management LLC bought a new stake in Trade Desk during the second quarter worth about $255,000. Moran Wealth Management LLC lifted its position in Trade Desk by 5.4% during the second quarter. Moran Wealth Management LLC now owns 118,932 shares of the technology company's stock worth $8,562,000 after purchasing an additional 6,062 shares during the period. Cornerstone Wealth Group LLC lifted its position in Trade Desk by 2.8% during the second quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company's stock worth $321,000 after purchasing an additional 122 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Trade Desk by 20.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 130,321 shares of the technology company's stock worth $9,382,000 after purchasing an additional 22,398 shares during the period. Institutional investors own 67.77% of the company's stock.

Insider Activity at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 218,246 shares of the company's stock, valued at $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is owned by company insiders.

Trade Desk Price Performance

NASDAQ:TTD opened at $51.10 on Thursday. The firm's 50 day simple moving average is $51.50 and its 200 day simple moving average is $62.53. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The company has a market cap of $24.98 billion, a PE ratio of 61.57, a P/E/G ratio of 2.71 and a beta of 1.38.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its 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 analyst estimates of $686.00 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The firm's quarterly revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. Equities research analysts expect that The Trade Desk will post 1.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company set a $53.00 price target on Trade Desk and gave the stock an "equal weight" rating in a report on Monday, October 6th. Rosenblatt Securities reissued a "buy" rating on shares of Trade Desk in a report on Friday, August 8th. UBS Group lowered their price target on Trade Desk from $105.00 to $80.00 and set a "buy" rating for the company in a report on Friday, August 15th. BTIG Research cut Trade Desk from a "buy" rating to a "neutral" rating in a report on Friday, August 8th. Finally, Morgan Stanley cut Trade Desk from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $80.00 to $50.00 in a report on Wednesday, September 10th. Twenty-one analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Trade Desk has an average rating of "Hold" and a consensus target price of $84.48.

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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