The Trade Desk $TTD Shares Purchased by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management increased its stake in The Trade Desk by 22.9% in Q2, buying 185,552 shares to hold 996,787 shares (about 0.20% of the company) valued at roughly $71.8 million.
• The Trade Desk beat estimates on November 6 with $0.45 EPS versus a $0.44 consensus and revenue of $739.4 million (up 17.7% year-over-year); analysts still expect about 1.06 EPS for the fiscal year and a consensus price target of $77.19.
• The Board authorized a $500 million share repurchase (roughly 2.1% of shares outstanding); institutional investors own about 67.8% of the stock and the company has a market cap near $19.1 billion.

Panagora Asset Management Inc. raised its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 22.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 996,787 shares of the technology company's stock after purchasing an additional 185,552 shares during the quarter. Panagora Asset Management Inc. owned about 0.20% of Trade Desk worth $71,759,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TTD. Vanguard Group Inc. grew its stake in shares of Trade Desk by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company's stock valued at $3,207,504,000 after purchasing an additional 317,107 shares during the last quarter. Jennison Associates LLC boosted its holdings in Trade Desk by 17.9% during the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company's stock worth $1,027,114,000 after buying an additional 2,169,252 shares in the last quarter. Geode Capital Management LLC grew its position in Trade Desk by 52.1% during the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company's stock worth $884,860,000 after buying an additional 4,218,975 shares during the period. Nuveen LLC purchased a new position in Trade Desk in the 1st quarter valued at approximately $191,935,000. Finally, Norges Bank purchased a new position in shares of Trade Desk in the second quarter valued at $197,362,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Trading Up 1.2%

Shares of TTD stock opened at $39.59 on Monday. The company has a market cap of $19.14 billion, a PE ratio of 45.50, a P/E/G ratio of 1.96 and a beta of 1.07. The company's fifty day simple moving average is $47.38 and its 200-day simple moving average is $60.69. The Trade Desk has a 52 week low of $38.22 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The company's revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. Trade Desk has set its Q4 2025 guidance at EPS. Equities research 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 authorized a share repurchase plan on Thursday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk 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 sale, the director directly owned 5,035 shares of the company's stock, valued at approximately $242,687. The trade was a 21.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Piper Sandler lowered their price target on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Evercore ISI lowered their target price on Trade Desk from $80.00 to $70.00 and set an "outperform" rating on the stock in a report on Friday, November 7th. Needham & Company LLC cut their price target on Trade Desk from $84.00 to $60.00 and set a "buy" rating for the company in a report on Friday, November 7th. Moffett Nathanson downgraded Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 price objective on the stock. in a research report on Friday, August 8th. Finally, Benchmark upgraded shares of Trade Desk from a "hold" rating to a "buy" rating and set a $65.00 price target for the company in a report on Friday, November 7th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Trade Desk presently 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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