Vident Advisory LLC Increases Stock Position in The Trade Desk $TTD

Vident Advisory LLC boosted its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 27.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,029 shares of the technology company's stock after acquiring an additional 5,201 shares during the period. Vident Advisory LLC's holdings in Trade Desk were worth $1,315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TTD. Gordian Capital Singapore Pte Ltd grew its position in shares of Trade Desk by 4,918.0% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 3,061 shares of the technology company's stock worth $167,000 after acquiring an additional 3,000 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Trade Desk by 33.7% in the first quarter. Canada Pension Plan Investment Board now owns 388,242 shares of the technology company's stock worth $21,245,000 after buying an additional 97,824 shares during the period. GKV Capital Management Co. Inc. acquired a new position in shares of Trade Desk in the first quarter worth about $44,000. Parnassus Investments LLC lifted its position in shares of Trade Desk by 73.4% in the first quarter. Parnassus Investments LLC now owns 1,496,796 shares of the technology company's stock worth $81,905,000 after purchasing an additional 633,782 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of Trade Desk in the first quarter worth approximately $80,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction that occurred on 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 sale, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 10.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Rosenblatt Securities reaffirmed a "buy" rating on shares of Trade Desk in a research report on Friday, August 8th. Wells Fargo & Company cut Trade Desk from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $74.00 to $68.00 in a report on Thursday, June 26th. HSBC reaffirmed a "hold" rating and issued a $56.00 price target on shares of Trade Desk in a report on Monday, August 11th. Jefferies Financial Group cut Trade Desk from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $100.00 to $50.00 in a report on Monday, August 11th. Finally, Guggenheim decreased their target price on Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $88.58.

Trade Desk Stock Down 0.9%

NASDAQ:TTD opened at $54.18 on Wednesday. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The business has a 50 day moving average price of $70.28 and a two-hundred day moving average price of $65.81. The company has a market cap of $26.49 billion, a P/E ratio of 65.28, a price-to-earnings-growth ratio of 2.81 and a beta of 1.36.

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

Trade Desk Company 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.

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk (NASDAQ:TTD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.