Y Intercept Hong Kong Ltd grew its stake in shares of The Trade Desk (NASDAQ:TTD – Free Report) by 56.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 472,780 shares of the technology company’s stock after purchasing an additional 171,383 shares during the quarter. Trade Desk makes up approximately 0.4% of Y Intercept Hong Kong Ltd’s portfolio, making the stock its 21st biggest position. Y Intercept Hong Kong Ltd owned 0.10% of Trade Desk worth $17,947,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in 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 acquiring an additional 169 shares during the period. Bison Wealth LLC lifted its stake in Trade Desk by 24.3% in the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after acquiring an additional 485 shares during the period. Woodline Partners LP lifted its stake in Trade Desk by 75.5% in the first quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after acquiring an additional 2,269 shares during the period. Cerity Partners LLC lifted its stake in Trade Desk by 46.6% in the second quarter. Cerity Partners LLC now owns 59,785 shares of the technology company’s stock worth $4,304,000 after acquiring an additional 19,015 shares during the period. Finally, AXA S.A. lifted its position in Trade Desk by 14.7% during the second quarter. AXA S.A. now owns 42,819 shares of the technology company’s stock valued at $3,083,000 after buying an additional 5,487 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.
Trade Desk Stock Up 2.0%
Shares of Trade Desk stock opened at $19.28 on Friday. The Trade Desk has a 52 week low of $18.31 and a 52 week high of $91.45. The company has a market capitalization of $9.06 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The stock’s fifty day moving average is $21.79 and its two-hundred day moving average is $28.29.
Trade Desk announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 25th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Wedbush set a $21.00 price objective on Trade Desk and gave the company a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings raised Trade Desk from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Loop Capital lowered Trade Desk from a “buy” rating to a “hold” rating and lowered their price objective for the company from $75.00 to $25.00 in a research report on Thursday, February 26th. Citigroup reissued a “neutral” rating on shares of Trade Desk in a research report on Friday, May 8th. Finally, HSBC lowered Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 price objective for the company. in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.91.
Check Out Our Latest Stock Analysis on Trade Desk
Insider Buying and Selling at Trade Desk
In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the sale, the director directly owned 13,099 shares in the company, valued at approximately $276,912.86. This represents a 80.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.41% of the company’s stock.
Key Trade Desk News
Here are the key news stories impacting Trade Desk this week:
- Positive Sentiment: The Trade Desk and Publicis have resolved their months-long dispute over DSP/ad-tech fees, removing an overhang that had worried investors and could help normalize relationships with a major agency partner. Trade Desk Makes Peace With Publicis Over Ad-Tech Fees – Retail Says This May Be A Turning Point
- Positive Sentiment: The company appointed Sarah Gavin as Chief Marketing Officer and EVP, a move that could strengthen branding, customer engagement, and demand generation as The Trade Desk tries to improve its market position. The Trade Desk Appoints Sarah Gavin as Chief Marketing Officer, Executive Vice President
- Positive Sentiment: The company also added gaming/media veteran David Haddad to its board, which may help with strategic relationships and product direction across streaming, gaming, and digital media. Trade Desk Adds Gaming Veteran To Board As Shares Trade Below Targets
- Neutral Sentiment: Several commentary pieces argue the stock may be cheap after its steep decline, but they also highlight valuation and execution risks, so sentiment remains divided. Down 86%, Is The Trade Desk Stock a Generational Buying Opportunity?
- Negative Sentiment: Analysts and market coverage continue to emphasize that TTD is still in a downtrend and has hit new 52-week lows, reflecting ongoing concern about growth durability and competitive pressure. The Trade Desk Stock Hits 52-Week Lows: What’s Going On?
- Negative Sentiment: One Seeking Alpha article argues The Trade Desk is cheap but still faces expensive risks, reinforcing skepticism that the recent rebound will be sustained. The Trade Desk: Cheap Stock, Expensive Risks; Time To Exit
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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