The Trade Desk $TTD Shares Sold by Beacon Investment Advisory Services Inc.

Key Points

• Beacon Investment Advisory Services Inc. reduced its stake in The Trade Desk by 3.7% in the second quarter, now owning 201,129 shares valued at approximately $14.48 million.
• The Trade Desk's recent earnings report revealed a missed EPS estimate of $0.18, compared to a consensus of $0.42, despite a revenue increase of 18.7% year-over-year.
• Investor sentiment appears mixed, with a consensus rating of "Hold" among analysts, while several firms have recently downgraded their price targets for the stock.

Beacon Investment Advisory Services Inc. reduced its position in The Trade Desk (NASDAQ:TTD - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,129 shares of the technology company's stock after selling 7,745 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Trade Desk were worth $14,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Trade Desk by 3.7% in 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 purchasing an additional 1,567,491 shares during the period. Brown Advisory Inc. increased its position in shares of Trade Desk by 198.4% in the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after buying an additional 5,387,339 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Trade Desk in the first quarter valued at approximately $191,935,000. Zevenbergen Capital Investments LLC increased its position in shares of Trade Desk by 3.7% in the first quarter. Zevenbergen Capital Investments LLC now owns 2,169,273 shares of the technology company's stock valued at $118,703,000 after buying an additional 77,890 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Trade Desk by 8.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,000,184 shares of the technology company's stock valued at $109,450,000 after buying an additional 156,703 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of TTD stock opened at $46.87 on Thursday. The firm has a market cap of $22.92 billion, a PE ratio of 56.47, a price-to-earnings-growth ratio of 2.44 and a beta of 1.36. The company has a 50-day moving average of $61.79 and a two-hundred day moving average of $63.17. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The company had revenue of $694.04 million for the quarter, compared to analysts' expectations of $686.00 million. During the same period last year, the business earned $0.39 EPS. The company's quarterly revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Scotiabank cut their price objective on Trade Desk from $83.00 to $60.00 and set a "sector perform" rating for the company in a research report on Friday, August 8th. BMO Capital Markets cut their price objective on Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Piper Sandler cut their price objective on Trade Desk from $65.00 to $64.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. HSBC restated a "hold" rating and issued a $56.00 price objective on shares of Trade Desk in a research report on Monday, August 11th. Finally, Arete Research raised Trade Desk to a "strong sell" rating in a research note on Monday, July 28th. Twenty 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $87.21.

Insider Activity

In related news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the transaction, the insider owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value 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 disclosure for this sale can be found here. 10.00% of the stock is currently owned by corporate insiders.

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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