Riverbridge Partners LLC Has $15.58 Million Position in The Trade Desk $TTD

Riverbridge Partners LLC lessened its stake in The Trade Desk (NASDAQ:TTD) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 317,806 shares of the technology company’s stock after selling 17,850 shares during the period. Riverbridge Partners LLC owned about 0.06% of Trade Desk worth $15,576,000 at the end of the most recent reporting period.

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

Trade Desk Trading Down 0.1%

NASDAQ:TTD opened at $37.26 on Monday. The stock has a market capitalization of $18.02 billion, a P/E ratio of 42.83, a price-to-earnings-growth ratio of 1.86 and a beta of 1.07. The Trade Desk has a 1 year low of $35.65 and a 1 year high of $127.59. The firm has a 50 day moving average of $43.83 and a 200-day moving average of $56.77.

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

Trade Desk announced that its Board of Directors has approved a share repurchase program on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TTD. Rosenblatt Securities decreased their target price on shares of Trade Desk from $78.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Needham & Company LLC cut their price target on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 7th. DA Davidson lowered their price objective on Trade Desk from $80.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Evercore ISI cut their target price on Trade Desk from $80.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Finally, Susquehanna decreased their price target on Trade Desk from $135.00 to $85.00 and set a “positive” 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 assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.56.

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.