Northern Trust Corp Lowers Holdings in The Trade Desk $TTD

Key Points

• Northern Trust Corp reduced its stake in The Trade Desk by 2.2%, owning 3,021,687 shares worth approximately $165.3 million after selling 68,327 shares in the first quarter.
• Trade Desk recently missed quarterly earnings expectations, reporting $0.18 per share versus the $0.42 consensus, despite revenues exceeding estimates at $694.04 million.
• Analysts have mixed ratings on Trade Desk, with an average target price of $88.58; 21 have rated it as a "Buy" while 3 have given it a "Sell."

Northern Trust Corp trimmed its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 2.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,021,687 shares of the technology company's stock after selling 68,327 shares during the period. Northern Trust Corp owned 0.61% of Trade Desk worth $165,347,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Trade Desk by 3,876.8% in the first quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock valued at $5,033,000 after buying an additional 89,671 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of Trade Desk in the first quarter valued at about $995,000. LBP AM SA raised its position in shares of Trade Desk by 116.1% in the first quarter. LBP AM SA now owns 64,154 shares of the technology company's stock valued at $3,511,000 after buying an additional 34,465 shares during the last quarter. Bryce Point Capital LLC grew its holdings in shares of Trade Desk by 302.9% in the first quarter. Bryce Point Capital LLC now owns 16,727 shares of the technology company's stock valued at $915,000 after purchasing an additional 12,575 shares during the period. Finally, Peregrine Capital Management LLC increased its position in Trade Desk by 40.2% during the first quarter. Peregrine Capital Management LLC now owns 579,877 shares of the technology company's stock worth $31,731,000 after purchasing an additional 166,332 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Up 1.7%

TTD stock traded up $0.90 during mid-day trading on Friday, hitting $53.20. 10,200,340 shares of the company were exchanged, compared to its average volume of 19,022,424. The firm has a market capitalization of $26.01 billion, a P/E ratio of 64.10, a PEG ratio of 2.73 and a beta of 1.37. The business has a fifty day simple moving average of $72.44 and a 200-day simple moving average of $68.47. The Trade Desk has a 12-month low of $42.96 and a 12-month 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. Research analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. 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.

Analysts Set New Price Targets

Several research firms recently issued reports on TTD. Macquarie raised their price objective 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 raised their price objective 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. JMP Securities restated a "market outperform" rating and set a $100.00 price objective on shares of Trade Desk in a research report on Tuesday, June 24th. Citigroup restated a "neutral" rating and set a $65.00 price objective (down from $90.00) on shares of Trade Desk in a research report on Friday, August 8th. Finally, Royal Bank Of Canada cut their price objective on shares of Trade Desk from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Twenty-one investment 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $88.58.

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.