US Bancorp DE Has $20.10 Million Position in The Trade Desk $TTD

Key Points

• US Bancorp DE reduced its stake by 52% in the fourth quarter and now owns 529,360 shares of The Trade Desk, a holding worth about $20.10 million (0.11% of the company).
• The Trade Desk authorized a $350.00 million share repurchase program, allowing buybacks of up to ~2.9% of outstanding shares, a signal management may view the stock as undervalued.
• The company reported Q4 results of $0.59 EPS (in line with estimates) and revenue of $846.8 million, up 14.3% year‑over‑year, while analyst coverage averages a "Hold" rating with a $41.38 price target.

US Bancorp DE reduced its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 52.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 529,360 shares of the technology company's stock after selling 573,697 shares during the period. US Bancorp DE owned 0.11% of Trade Desk worth $20,095,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc grew its stake in Trade Desk by 175.8% in the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company's stock valued at $26,000 after purchasing an additional 334 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Trade Desk during the 3rd quarter worth about $26,000. Elevation Wealth Partners LLC raised its stake in shares of Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company's stock worth $27,000 after purchasing an additional 691 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Trade Desk during the 3rd quarter valued at about $29,000. Finally, Albion Financial Group UT acquired a new stake in shares of Trade Desk during the 4th quarter valued at about $30,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Trade Desk news, Director Kathryn E. Falberg sold 50,000 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of research reports. Needham & Company LLC dropped their price objective on Trade Desk from $60.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Guggenheim reaffirmed a "buy" rating and set a $50.00 price objective (down from $55.00) on shares of Trade Desk in a research report on Monday, January 5th. Wells Fargo & Company decreased their target price on shares of Trade Desk from $25.00 to $24.00 and set an "equal weight" rating for the company in a research report on Monday, April 6th. BNP Paribas Exane assumed coverage on shares of Trade Desk in a research note on Wednesday, January 14th. They set a "neutral" rating and a $40.00 price target on the stock. Finally, DA Davidson set a $32.00 price target on shares of Trade Desk in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $41.38.

Trade Desk Stock Up 2.7%

Shares of TTD stock opened at $24.23 on Friday. The Trade Desk has a 12 month low of $19.74 and a 12 month high of $91.45. The firm has a market cap of $11.53 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 0.94 and a beta of 1.18. The stock has a 50 day moving average of $23.78 and a 200-day moving average of $33.66.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. The company had revenue of $846.79 million during the quarter, compared to analysts' expectations of $840.56 million. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.Trade Desk's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. As a group, equities analysts predict that The Trade Desk will post 1.27 EPS for the current fiscal year.

Trade Desk announced that its board has authorized a share repurchase program on Wednesday, February 25th that permits the company to buyback $350.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

About Trade Desk

The Trade Desk, Inc NASDAQ: TTD is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

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