The Trade Desk $TTD Shares Acquired by CW Advisors LLC

Key Points

• CW Advisors increased its stake in The Trade Desk by 10.8% to 298,025 shares (worth about $21.46 million), and institutional investors now own roughly 67.77% of the company.
• The Trade Desk topped estimates with $0.45 EPS and $739.4M revenue (revenue +17.7% year-over-year) and its board authorized a $500 million buyback (≈2.1% of outstanding shares).
• Shares recently traded near a 12‑month low (~$38.61 open) with a market cap of $18.67B, while analysts show mixed sentiment—consensus rating "Moderate Buy" with a $77.19 average price target and several recent cuts.

CW Advisors LLC lifted its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 298,025 shares of the technology company's stock after acquiring an additional 29,083 shares during the period. CW Advisors LLC owned 0.06% of Trade Desk worth $21,455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Trade Desk by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company's stock worth $3,207,504,000 after purchasing an additional 317,107 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Trade Desk by 327.3% during the second quarter. Nomura Asset Management Co. Ltd. now owns 1,121,436 shares of the technology company's stock worth $80,732,000 after buying an additional 858,978 shares during the period. LaFleur & Godfrey LLC purchased a new position in Trade Desk in the second quarter valued at about $5,029,000. Congress Park Capital LLC lifted its position in shares of Trade Desk by 13.2% during the 2nd quarter. Congress Park Capital LLC now owns 53,781 shares of the technology company's stock valued at $3,872,000 after acquiring an additional 6,257 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Trade Desk by 56.8% during the 2nd quarter. Schroder Investment Management Group now owns 895,150 shares of the technology company's stock worth $64,442,000 after acquiring an additional 324,173 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $38.61 on Thursday. The company has a 50-day simple moving average of $46.95 and a 200-day simple moving average of $60.02. The company has a market cap of $18.67 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 1.99 and a beta of 1.07. The Trade Desk has a 12 month low of $38.22 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.01. The firm had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. Trade Desk's revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 earnings per share. On average, analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its board has authorized a stock buyback program on Thursday, November 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Insider Activity

In other news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk 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 completion of the sale, the director owned 5,035 shares of the company's stock, valued at $242,687. The trade was a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Rosenblatt Securities dropped their price objective on Trade Desk from $78.00 to $64.00 and set a "buy" rating for the company in a research note on Friday, November 7th. BMO Capital Markets lowered their target price on Trade Desk from $115.00 to $98.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Wall Street Zen raised Trade Desk from a "sell" rating to a "hold" rating in a research note on Saturday, November 1st. Bank of America reiterated an "underperform" rating and issued a $55.00 price objective (down from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Finally, BTIG Research downgraded shares of Trade Desk from a "buy" rating to a "neutral" rating in a report on Friday, August 8th. Twenty-one equities research 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 MarketBeat.com, Trade Desk currently has an average rating of "Moderate Buy" and a consensus price target of $77.19.

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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