Wellington Management Group LLP trimmed its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 13.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,346,803 shares of the technology company's stock after selling 212,705 shares during the period. Wellington Management Group LLP owned about 0.27% of Trade Desk worth $73,697,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in TTD. Brighton Jones LLC increased its holdings in shares of Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after purchasing an additional 169 shares during the last quarter. Peterson Wealth Services increased its holdings in shares of Trade Desk by 2.2% in the first quarter. Peterson Wealth Services now owns 8,992 shares of the technology company's stock worth $492,000 after purchasing an additional 190 shares during the last quarter. Prosperity Consulting Group LLC increased its holdings in shares of Trade Desk by 2.6% in the fourth quarter. Prosperity Consulting Group LLC now owns 7,834 shares of the technology company's stock worth $921,000 after purchasing an additional 200 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of Trade Desk by 5.1% in the first quarter. Cornerstone Wealth Management LLC now owns 4,204 shares of the technology company's stock worth $230,000 after purchasing an additional 205 shares during the last quarter. Finally, Cornerstone Wealth Group LLC increased its holdings in shares of Trade Desk by 5.0% in the first quarter. Cornerstone Wealth Group LLC now owns 4,335 shares of the technology company's stock worth $237,000 after purchasing an additional 205 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Trade Desk
In related news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 218,246 shares of the company's stock, valued at $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Hsbc Global Res cut Trade Desk from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $84.00 target price 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 reduced their target price for the stock from $100.00 to $50.00 in a report on Monday, August 11th. Wells Fargo & Company cut Trade Desk from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $74.00 to $68.00 in a research note on Thursday, June 26th. Finally, Truist Financial boosted their price objective on Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $88.58.
Get Our Latest Stock Analysis on TTD
Trade Desk Stock Performance
TTD opened at $53.20 on Friday. The stock has a market cap of $26.01 billion, a price-to-earnings ratio of 64.10, a P/E/G ratio of 2.69 and a beta of 1.37. The stock's 50 day moving average price is $72.44 and its 200-day moving average price is $68.79. The Trade Desk has a one year low of $42.96 and a one year high of $141.53.
Trade Desk (NASDAQ:TTD - Get Free Report) last released its 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). The business had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company's quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. As a group, analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.
Trade Desk Profile
(
Free Report)
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.
See Also
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).

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