The Trade Desk $TTD Shares Bought by Nomura Asset Management Co. Ltd.

Key Points

• Nomura Asset Management boosted its stake in The Trade Desk by 327.3% to 1,121,436 shares, holding about 0.23% of the company worth roughly $80.7 million at the end of the quarter.
• The company beat quarterly estimates with $0.45 EPS and $739.4M revenue (up 17.7% year-over-year) and its board approved a $500 million share buyback (up to 2.1% of shares).
• Wall Street has trimmed price targets and ratings, leaving a consensus "Hold" with a $78.33 average target, while the stock trades near its 12‑month low around $41.93 (market cap ≈ $20.3B).

Nomura Asset Management Co. Ltd. lifted its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 327.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,121,436 shares of the technology company's stock after purchasing an additional 858,978 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.23% of Trade Desk worth $80,732,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock valued at $2,420,689,000 after buying an additional 1,567,491 shares during the period. Jennison Associates LLC lifted its stake in shares of Trade Desk by 17.9% in the 2nd quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company's stock worth $1,027,114,000 after acquiring an additional 2,169,252 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Trade Desk by 52.1% in the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company's stock valued at $884,860,000 after acquiring an additional 4,218,975 shares in the last quarter. Nuveen LLC acquired a new position in shares of Trade Desk during the first quarter valued at approximately $191,935,000. Finally, Zevenbergen Capital Investments LLC raised its holdings in Trade Desk by 3.7% during the first quarter. Zevenbergen Capital Investments LLC now owns 2,169,273 shares of the technology company's stock worth $118,703,000 after purchasing an additional 77,890 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TTD. BMO Capital Markets decreased their price target on Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Susquehanna cut their price objective on Trade Desk from $135.00 to $85.00 and set a "positive" rating for the company in a report on Friday, November 7th. Needham & Company LLC lowered their target price on Trade Desk from $84.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, November 7th. Morgan Stanley cut shares of Trade Desk from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $80.00 to $50.00 in a research report on Wednesday, September 10th. Finally, Oppenheimer raised their price objective on shares of Trade Desk from $80.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Twenty-one equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $78.33.

Trade Desk Stock Down 2.2%

Shares of NASDAQ TTD opened at $41.93 on Monday. The Trade Desk has a 12 month low of $41.50 and a 12 month high of $141.53. The company has a market cap of $20.28 billion, a price-to-earnings ratio of 48.20, a P/E/G ratio of 2.08 and a beta of 1.43. The business has a fifty day simple moving average of $48.79 and a 200-day simple moving average of $62.44.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. During the same quarter in the previous year, the company earned $0.41 EPS. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has approved a stock buyback program on Thursday, November 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director directly owned 5,035 shares in the company, valued at approximately $242,687. The trade was a 21.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.

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