Kestra Advisory Services LLC Boosts Stock Holdings in The Trade Desk $TTD

Key Points

• Kestra Advisory Services LLC increased its stake in The Trade Desk by 38.0%, acquiring 7,481 additional shares, bringing its total holdings to 27,165 shares valued at approximately $1,486,000.
• The Trade Desk reported $0.18 EPS for the most recent quarter, missing expectations by $0.24, despite a year-over-year revenue increase of 18.7%.
• HSBC and Needham both reaffirmed ratings on Trade Desk, setting target prices of $56.00 and $84.00 respectively, while analysts collectively have a consensus target price of $88.58 for the stock.

Kestra Advisory Services LLC raised its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 38.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,165 shares of the technology company's stock after buying an additional 7,481 shares during the period. Kestra Advisory Services LLC's holdings in Trade Desk were worth $1,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new stake in Trade Desk in the 4th quarter valued at $25,000. Park Square Financial Group LLC bought a new stake in Trade Desk during the fourth quarter worth $47,000. BNP Paribas bought a new stake in Trade Desk during the fourth quarter worth $50,000. Banque Cantonale Vaudoise bought a new stake in Trade Desk during the first quarter worth $26,000. Finally, Banque Transatlantique SA bought a new stake in Trade Desk during the fourth quarter worth $56,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Down 2.5%

Trade Desk stock traded down $1.34 during trading hours on Tuesday, reaching $53.32. 4,870,137 shares of the stock were exchanged, compared to its average volume of 11,196,499. The company has a market cap of $26.07 billion, a P/E ratio of 64.27, a price-to-earnings-growth ratio of 2.81 and a beta of 1.36. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The stock has a 50 day moving average of $70.63 and a two-hundred day moving average of $65.89.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 earnings per share (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 the consensus estimate of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm's quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. On average, analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

TTD has been the topic of several analyst reports. BMO Capital Markets dropped their price target on shares of Trade Desk from $115.00 to $98.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Macquarie upped their price target on shares of Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Oppenheimer upped their price target on shares of Trade Desk from $80.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. UBS Group dropped their price objective on shares of Trade Desk from $105.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Finally, Jefferies Financial Group lowered shares of Trade Desk from a "buy" rating to a "hold" rating and dropped their price objective for the company from $100.00 to $50.00 in a research report on Monday, August 11th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.58.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the sale, the insider owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 10.00% of the company's stock.

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.