Handelsbanken Fonder AB Boosts Stock Holdings in The Trade Desk $TTD

Handelsbanken Fonder AB boosted its stake in shares of The Trade Desk (NASDAQ:TTD) by 19.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 156,951 shares of the technology company’s stock after acquiring an additional 25,374 shares during the period. Handelsbanken Fonder AB’s holdings in Trade Desk were worth $5,958,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TTD. Root Financial Partners LLC purchased a new position in Trade Desk during the third quarter worth approximately $26,000. Elevation Wealth Partners LLC raised its stake in Trade Desk by 2,382.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after purchasing an additional 691 shares during the period. Albion Financial Group UT purchased a new position in Trade Desk during the fourth quarter worth approximately $30,000. CVA Family Office LLC grew its holdings in shares of Trade Desk by 62.1% during the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after purchasing an additional 344 shares during the period. Finally, Bayforest Capital Ltd purchased a new stake in shares of Trade Desk during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $22.38 on Friday. The stock has a market capitalization of $10.52 billion, a P/E ratio of 25.43, a PEG ratio of 1.03 and a beta of 1.10. The Trade Desk has a 1 year low of $19.74 and a 1 year high of $91.45. The stock has a 50-day simple moving average of $22.65 and a 200-day simple moving average of $30.64.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The company had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 EPS. Analysts predict that The Trade Desk will post 1.17 earnings per share for the current year.

Trade Desk declared that its board has authorized a share repurchase plan on Wednesday, February 25th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the technology company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Trade Desk News Roundup

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

• Positive Sentiment: The Trade Desk is expanding its retail media strategy through its Audience Unlimited product, which uses proprietary retail data to improve targeting and measurement; early tests reportedly lowered CPMs and boosted conversions, supporting the company’s long-term competitive position. Trade Desk Retail Media Shift And Audience Unlimited Add New Angle
• Positive Sentiment: Another report argues The Trade Desk may be undervalued after recent weakness, suggesting the selloff could create a buying opportunity for investors who remain confident in its longer-term growth story. The Trade Desk: The Best Time To Buy Is When Others Continue To Ignore
• Positive Sentiment: Wall Street remains moderately optimistic about The Trade Desk’s long-term growth prospects despite its weak stock performance over the past year. The Trade Desk Stock Outlook: Is Wall Street Bullish or Bearish

Wall Street Analyst Weigh In

TTD has been the subject of a number of research reports. Needham & Company LLC decreased their target price on Trade Desk from $32.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 8th. HSBC cut Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 target price for the company. in a report on Monday, May 11th. Cantor Fitzgerald reiterated a “neutral” rating and set a $22.00 target price on shares of Trade Desk in a report on Thursday, February 26th. Wells Fargo & Company set a $20.00 target price on Trade Desk and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Truist Financial set a $35.00 target price on Trade Desk and gave the stock a “buy” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $34.61.

Insiders Place Their Bets

In other Trade Desk news, Director Kathryn E. Falberg sold 102,828 shares of the company’s stock in a transaction that occurred 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 owned 1,946 shares in the company, valued at $59,255.70. This represents a 98.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.41% of the stock is currently owned by corporate insiders.

Trade Desk 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.