The Trade Desk $TTD Shares Bought by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in The Trade Desk by 272.9% in Q4, buying 50,209 additional shares to hold 68,607 shares valued at about $2.60 million.
• Several large institutions — including State Street, Vanguard, Invesco and Barclays — also materially raised positions, leaving institutional investors with 67.77% ownership while insiders hold 11.41% (Director Kathryn Falberg sold 50,000 shares).
• The Trade Desk reported Q results with $846.8M revenue (up 14.3%) and $0.59 EPS, and authorized a $350M share buyback (~2.9% of shares); the analyst consensus is "Hold" with a $41.38 target.

Ashton Thomas Private Wealth LLC raised its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 272.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,607 shares of the technology company's stock after purchasing an additional 50,209 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Trade Desk were worth $2,604,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TTD. State Street Corp boosted its holdings in shares of Trade Desk by 271.1% in the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company's stock valued at $1,781,723,000 after purchasing an additional 26,559,005 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Trade Desk by 27.7% in the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company's stock valued at $2,787,486,000 after purchasing an additional 12,321,000 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Trade Desk by 101.0% in the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company's stock valued at $333,659,000 after purchasing an additional 3,421,074 shares during the last quarter. Viking Global Investors LP acquired a new position in shares of Trade Desk in the 2nd quarter valued at $192,524,000. Finally, Barclays PLC boosted its holdings in shares of Trade Desk by 326.5% in the 3rd quarter. Barclays PLC now owns 3,048,438 shares of the technology company's stock valued at $149,404,000 after purchasing an additional 2,333,744 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Cfra reiterated a "hold" rating and issued a $40.00 price target on shares of Trade Desk in a report on Tuesday, January 27th. Jefferies Financial Group reissued a "hold" rating on shares of Trade Desk in a research note on Tuesday, March 17th. Truist Financial cut their target price on shares of Trade Desk from $60.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Wedbush reissued an "underperform" rating and issued a $23.00 target price on shares of Trade Desk in a research note on Friday, March 6th. Finally, Arete Research raised shares of Trade Desk from a "sell" rating to a "neutral" rating and set a $25.00 target price on the stock in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $41.38.

Insiders Place Their Bets

In related news, Director Kathryn E. Falberg sold 50,000 shares of the firm's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total transaction of $1,524,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.41% of the company's stock.

Trade Desk Trading Up 0.4%

Shares of TTD stock opened at $23.23 on Wednesday. The company's fifty day simple moving average is $23.83 and its 200-day simple moving average is $33.80. The Trade Desk has a 52 week low of $19.74 and a 52 week high of $91.45. The company has a market cap of $11.06 billion, a PE ratio of 25.81, a P/E/G ratio of 0.92 and a beta of 1.18.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, meeting analysts' consensus estimates of $0.59. The business had revenue of $846.79 million for the quarter, compared to the consensus estimate of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 EPS. Equities research analysts expect that The Trade Desk will post 1.27 EPS for the current fiscal year.

Trade Desk announced that its board has authorized a share buyback plan on Wednesday, February 25th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Trade Desk Profile

The Trade Desk, Inc NASDAQ: TTD is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

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