Mitsubishi UFJ Asset Management Co. Ltd. Acquires 40,796 Shares of The Trade Desk $TTD

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of The Trade Desk (NASDAQ:TTD) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 966,419 shares of the technology company’s stock after acquiring an additional 40,796 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Trade Desk worth $36,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC grew its position in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares during the period. Tidemark LLC grew its position in shares of Trade Desk by 35.1% during the 3rd quarter. Tidemark LLC now owns 943 shares of the technology company’s stock valued at $46,000 after acquiring an additional 245 shares during the period. Cornerstone Wealth Group LLC grew its position in shares of Trade Desk by 5.8% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 4,714 shares of the technology company’s stock valued at $231,000 after acquiring an additional 257 shares during the period. Whittier Trust Co. grew its position in shares of Trade Desk by 13.5% during the 3rd quarter. Whittier Trust Co. now owns 2,172 shares of the technology company’s stock valued at $112,000 after acquiring an additional 258 shares during the period. Finally, Howard Capital Management Inc. boosted its holdings in Trade Desk by 2.3% in the 4th quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock worth $461,000 after buying an additional 275 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk News Summary

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Benchmark, Guggenheim, Needham, and other firms kept bullish ratings on TTD even after cutting price targets, suggesting analysts still see upside from current levels. Benchmark price target cut article
• Positive Sentiment: Despite the selloff, revenue growth remained solid, helped by AI-related launches, strategic partnerships, and continued strength in connected TV advertising. Zacks earnings article
• Neutral Sentiment: Trade Desk also held its annual stockholder meeting and approved directors and governance matters, which is not likely to move the stock much. Stockholder approval article
• Negative Sentiment: Multiple firms downgraded or cut targets after the weak guide, reinforcing concerns that ad-tech demand is slowing and agency-client uncertainty is weighing on the business. Analyst downgrades article
• Negative Sentiment: Commentary from Jim Cramer and other market coverage highlighted Trade Desk as a lagging name in digital advertising after the earnings miss, adding to bearish sentiment. Cramer red flag article

Insider Activity at Trade Desk

In other Trade Desk news, Director Kathryn E. Falberg sold 102,828 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the completion of the transaction, the director owned 1,946 shares of the company’s stock, valued at $59,255.70. This represents a 98.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TTD shares. BMO Capital Markets dropped their target price on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Guggenheim dropped their target price on shares of Trade Desk from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday. Loop Capital downgraded shares of Trade Desk from a “buy” rating to a “hold” rating and dropped their target price for the stock from $75.00 to $25.00 in a report on Thursday, February 26th. Stifel Nicolaus set a $21.00 target price on shares of Trade Desk in a report on Friday. Finally, Moffett Nathanson reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Trade Desk in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-two have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $37.79.

Trade Desk Stock Down 2.1%

TTD opened at $23.00 on Friday. The firm has a 50-day simple moving average of $23.73 and a two-hundred day simple moving average of $32.86. The Trade Desk has a 52 week low of $19.74 and a 52 week high of $91.45. The company has a market capitalization of $10.95 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.68%. The company had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. During the same period last year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts expect that The Trade Desk will post 1.27 earnings per share for the current year.

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