60,930 Shares in The Trade Desk $TTD Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC acquired a new stake in shares of The Trade Desk (NASDAQ:TTD) during the 3rd quarter, Holdings Channel reports. The fund acquired 60,930 shares of the technology company’s stock, valued at approximately $2,986,000.

Several other large investors have also bought and sold shares of the company. Family Legacy Financial Solutions LLC lifted its stake in shares of Trade Desk by 163.2% in the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after buying an additional 310 shares in the last quarter. Versant Capital Management Inc raised its holdings in Trade Desk by 175.8% in the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after acquiring an additional 334 shares during the last quarter. Root Financial Partners LLC bought a new position in Trade Desk in the 3rd quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Trade Desk in the 2nd quarter valued at approximately $28,000. Finally, Transce3nd LLC purchased a new stake in Trade Desk during the 2nd quarter valued at $28,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Trade Desk stock opened at $27.23 on Thursday. The Trade Desk has a one year low of $26.01 and a one year high of $122.46. The stock has a fifty day moving average of $35.37 and a 200 day moving average of $46.34. The stock has a market cap of $13.17 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 1.10 and a beta of 1.10.

Trade Desk declared that its Board of Directors has authorized a stock buyback program on Thursday, November 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

TTD has been the subject of several recent analyst reports. Needham & Company LLC decreased their price target on Trade Desk from $84.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Cantor Fitzgerald set a $43.00 price target on Trade Desk and gave the company a “neutral” rating in a report on Thursday, January 8th. Citizens Jmp downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, January 23rd. Cfra Research lowered Trade Desk from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Guggenheim restated a “buy” rating and set a $50.00 target price (down previously from $55.00) on shares of Trade Desk in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $63.91.

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.