Sumitomo Mitsui Trust Group Inc. Reduces Stock Position in The Trade Desk $TTD

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of The Trade Desk (NASDAQ:TTD) by 59.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 946,685 shares of the technology company’s stock after selling 1,377,841 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Trade Desk were worth $21,480,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Elevation Wealth Partners LLC increased its stake in shares of Trade Desk by 2,382.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after buying an additional 691 shares during the last quarter. Binnacle Investments Inc bought a new position in Trade Desk during the 3rd quarter valued at $37,000. Albion Financial Group UT acquired a new position in Trade Desk during the 4th quarter worth $30,000. CVA Family Office LLC grew its holdings in 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 acquiring an additional 344 shares in the last quarter. Finally, Bayforest Capital Ltd bought a new stake in shares of Trade Desk in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the transaction, the director owned 13,099 shares in the company, valued at $276,912.86. The trade was a 80.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.41% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of recent analyst reports. UBS Group set a $28.00 target price on shares of Trade Desk and gave the company a “buy” rating in a research note on Monday. Weiss Ratings downgraded Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. Morgan Stanley set a $26.00 price objective on Trade Desk in a report on Friday, May 8th. Rothschild & Co Redburn assumed coverage on Trade Desk in a research note on Thursday, May 28th. They set a “sell” rating and a $11.00 price objective on the stock. Finally, HSBC raised Trade Desk from a “reduce” rating to a “hold” rating and set a $20.00 target price on the stock in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Trade Desk presently has a consensus rating of “Hold” and a consensus price target of $33.43.

Trade Desk Stock Up 1.3%

TTD opened at $19.79 on Tuesday. The company’s 50-day moving average price is $20.27 and its 200 day moving average price is $25.31. The Trade Desk has a fifty-two week low of $16.98 and a fifty-two week high of $91.45. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 0.94 and a beta of 1.04.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, May 7th. The technology company reported $0.08 EPS 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 analyst estimates of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. Research analysts anticipate that The Trade Desk will post 1.17 earnings per share for the current year.

Trade Desk News Summary

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

• Positive Sentiment: The Trade Desk appointed advertising veteran Penry Price to its board of directors, a move that adds experience from Google, LinkedIn, and Dstillery and signals a stronger focus on ad-tech strategy and execution. The Trade Desk Appoints Penry Price to Board of Directors
• Positive Sentiment: Investors also reacted to The Trade Desk’s expansion in Japan, where it integrated retail purchase data from Seven-Eleven Japan into its platform, potentially improving targeted advertising effectiveness and making its DSP more attractive to marketers. The Trade Desk Unlocks Activation of Convenience Store Retail Data for Digital Advertising in Japan
• Neutral Sentiment: Several commentary pieces published during the day were broadly constructive on the stock, including bullish and contrarian-upgrade commentary, but they did not include new company fundamentals or formal guidance changes. The Trade Desk: Quick To Fall, Slow To Rise – Upgrade To Contrarian Buy
• Neutral Sentiment: Additional articles discussed The Trade Desk’s recent price action and long-term setup, but these were opinion pieces rather than new operational updates. The Trade Desk: The Sun Will Shine Again, But With A Different Light
• Neutral Sentiment: News about Penry Price’s board appointment was repeated across multiple outlets, reinforcing the same positive catalyst rather than adding a separate new development. The Trade Desk Appoints Penry Price to Board of Directors

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.