The Trade Desk $TTD Stock Position Reduced by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC lessened its stake in The Trade Desk (NASDAQ:TTD) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,055,616 shares of the technology company’s stock after selling 113,078 shares during the quarter. Trade Desk accounts for about 2.0% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 16th biggest position. Zevenbergen Capital Investments LLC’s holdings in Trade Desk were worth $100,746,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Trade Desk by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after acquiring an additional 4,218,975 shares in the last quarter. Norges Bank purchased a new stake in shares of Trade Desk during the second quarter worth $197,362,000. Viking Global Investors LP acquired a new stake in Trade Desk during the second quarter valued at $192,524,000. Jennison Associates LLC grew its stake in Trade Desk by 17.9% in the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock valued at $1,027,114,000 after purchasing an additional 2,169,252 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Trade Desk by 255.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company’s stock valued at $96,132,000 after purchasing an additional 1,262,492 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Benchmark raised Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Friday, November 7th. Wedbush dropped their price objective on Trade Desk from $50.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, December 8th. UBS Group reaffirmed a “buy” rating and set a $82.00 price objective (up previously from $80.00) on shares of Trade Desk in a research report on Friday, November 7th. Guggenheim set a $55.00 target price on shares of Trade Desk and gave the stock a “buy” rating in a research report on Monday, September 29th. Finally, Rosenblatt Securities dropped their price target on shares of Trade Desk from $78.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Twenty-one analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $76.56.

Trade Desk Stock Down 0.1%

Shares of Trade Desk stock opened at $37.26 on Friday. The Trade Desk has a 12-month low of $35.65 and a 12-month high of $127.59. The stock has a 50 day moving average price of $43.83 and a two-hundred day moving average price of $57.02. The stock has a market capitalization of $18.02 billion, a P/E ratio of 42.83, a PEG ratio of 1.86 and a beta of 1.07.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The company had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. During the same quarter last year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. Sell-side analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has initiated a share buyback plan on Thursday, November 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Trade Desk Company Profile

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.