Zevenbergen Capital Investments LLC Cuts Holdings in The Trade Desk $TTD

Zevenbergen Capital Investments LLC decreased its position in The Trade Desk (NASDAQ:TTD) by 40.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,220,465 shares of the technology company’s stock after selling 835,151 shares during the period. Trade Desk accounts for 1.0% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 28th biggest holding. Zevenbergen Capital Investments LLC owned 0.25% of Trade Desk worth $46,329,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TTD. Family Legacy Financial Solutions LLC lifted its holdings in Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after acquiring an additional 310 shares during the period. Versant Capital Management Inc grew its stake in Trade Desk by 175.8% in the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after purchasing an additional 334 shares during the period. Root Financial Partners LLC bought a new position in Trade Desk in the 3rd quarter valued at $26,000. Elevation Wealth Partners LLC increased its position in shares of Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after purchasing an additional 691 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Trade Desk during the 2nd quarter valued at $28,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Up 3.4%

Shares of TTD stock opened at $22.01 on Tuesday. The stock has a market capitalization of $10.48 billion, a P/E ratio of 24.46, a PEG ratio of 0.84 and a beta of 1.13. The firm’s 50 day moving average is $27.01 and its 200 day moving average is $37.70. The Trade Desk has a 12 month low of $21.03 and a 12 month high of $91.45.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The business had revenue of $846.79 million during the quarter, compared to analyst estimates of $840.56 million. During the same period in the previous year, the business earned $0.59 EPS. Trade Desk’s revenue was up 14.3% compared to the same quarter last year. On average, equities analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its board has authorized a share buyback plan on Wednesday, February 25th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the technology company to buy up to 2.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

TTD has been the topic of a number of research analyst reports. Arete Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and set a $25.00 price target on the stock in a report on Monday, March 16th. Needham & Company LLC lowered their price objective on shares of Trade Desk from $60.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Wolfe Research reissued an “outperform” rating and set a $45.00 target price (down from $60.00) on shares of Trade Desk in a research report on Monday, January 5th. Loop Capital lowered shares of Trade Desk from a “buy” rating to a “hold” rating and decreased their price target for the stock from $75.00 to $25.00 in a research note on Thursday, February 26th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Trade Desk in a report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Trade Desk has a consensus rating of “Hold” and an average price target of $41.94.

Insider Buying and Selling at Trade Desk

In other news, Director Kathryn E. Falberg sold 102,828 shares of Trade Desk stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $30.45, for a total value of $3,131,112.60. Following the completion of the transaction, the director directly owned 1,946 shares in the company, valued at approximately $59,255.70. The trade was a 98.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.00% of the company’s stock.

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.