The Trade Desk $TTD Stock Holdings Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of The Trade Desk (NASDAQ:TTD) by 62.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,743 shares of the technology company’s stock after acquiring an additional 66,672 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Trade Desk were worth $8,515,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Trade Desk by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock worth $3,207,504,000 after purchasing an additional 317,107 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Trade Desk by 327.3% in the second quarter. Nomura Asset Management Co. Ltd. now owns 1,121,436 shares of the technology company’s stock worth $80,732,000 after buying an additional 858,978 shares during the last quarter. Schroder Investment Management Group raised its position in Trade Desk by 56.8% during the second quarter. Schroder Investment Management Group now owns 895,150 shares of the technology company’s stock valued at $64,442,000 after acquiring an additional 324,173 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in Trade Desk by 22.9% in the second quarter. Panagora Asset Management Inc. now owns 996,787 shares of the technology company’s stock valued at $71,759,000 after acquiring an additional 185,552 shares during the last quarter. Finally, Pointe Capital Management LLC acquired a new stake in Trade Desk in the second quarter valued at approximately $8,246,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTD has been the topic of a number of recent research reports. Needham & Company LLC cut their price target on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Citigroup cut their target price on Trade Desk from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, January 27th. Cfra Research cut Trade Desk from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Exane BNP Paribas raised Trade Desk to a “hold” rating in a report on Wednesday, January 14th. Finally, Jefferies Financial Group set a $40.00 price objective on Trade Desk and gave the company a “hold” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $65.53.

Trade Desk Stock Down 2.9%

Shares of NASDAQ:TTD opened at $30.33 on Friday. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 1.23 and a beta of 1.11. The business has a 50 day moving average price of $37.25 and a 200 day moving average price of $49.41. The Trade Desk has a twelve month low of $30.13 and a twelve month high of $125.80.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The company 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%.Trade Desk’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. Analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its board has initiated a stock 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 stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

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.