UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Cuts Stock Position in The Trade Desk $TTD

Key Points

• UBS Asset Management Americas LLC reduced its stake in The Trade Desk by 1.5%, holding 2,166,281 shares valued at approximately $118.5 million after selling 32,691 shares during the first quarter.
• The Trade Desk reported an earnings per share (EPS) of $0.18 for the latest quarter, missing expectations by $0.24, despite achieving revenues of $694.04 million which exceeded consensus estimates.
• Analysts have shown mixed sentiment towards TTD; while Macquarie increased its price target to $92, Wells Fargo downgraded their recommendation from "overweight" to "equal weight."

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 1.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,166,281 shares of the technology company's stock after selling 32,691 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.44% of Trade Desk worth $118,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Investment Management Corp VA ADV purchased a new stake in shares of Trade Desk in the 4th quarter worth approximately $25,000. Park Square Financial Group LLC bought a new stake in shares of Trade Desk in the 4th quarter worth $47,000. Banque Cantonale Vaudoise bought a new stake in shares of Trade Desk in the 1st quarter worth $26,000. Fourth Dimension Wealth LLC bought a new stake in shares of Trade Desk in the 4th quarter worth $56,000. Finally, Cloud Capital Management LLC bought a new stake in shares of Trade Desk in the 1st quarter worth $27,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Stock Down 0.2%

NASDAQ:TTD opened at $45.15 on Friday. The business's 50-day simple moving average is $66.75 and its two-hundred day simple moving average is $64.42. The stock has a market cap of $22.08 billion, a PE ratio of 54.40, a P/E/G ratio of 2.32 and a beta of 1.36. The Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. During the same period in the prior year, the business earned $0.39 earnings per share. Trade Desk's 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on TTD shares. Macquarie lifted their price target on shares of Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Wells Fargo & Company lowered shares of Trade Desk from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $74.00 to $68.00 in a research note on Thursday, June 26th. BTIG Research lowered shares of Trade Desk from a "buy" rating to a "neutral" rating in a research note on Friday, August 8th. KeyCorp increased their price target on Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, UBS Group lowered their price target on Trade Desk from $105.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Trade Desk currently has a consensus rating of "Hold" and an average price target of $87.67.

Insider Activity

In related news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction dated Thursday, August 7th. The stock was 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 in the company, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,403 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the transaction, the director owned 5,035 shares of the company's stock, valued at $242,687. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.00% of the company's stock.

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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