The Trade Desk $TTD Stock: Fulcrum Asset Management LLP Increases Stake

Fulcrum Asset Management LLP increased its position in shares of The Trade Desk (NASDAQ:TTD) by 238.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,532 shares of the technology company’s stock after purchasing an additional 146,250 shares during the period. Fulcrum Asset Management LLP’s holdings in Trade Desk were worth $2,501,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in Trade Desk by 59.0% in the 1st quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock worth $123,446,000 after buying an additional 2,018,525 shares during the period. Bank of America Corp DE raised its holdings in Trade Desk by 33.5% during the first quarter. Bank of America Corp DE now owns 4,548,894 shares of the technology company’s stock valued at $103,214,000 after acquiring an additional 1,141,704 shares during the period. Amundi raised its holdings in Trade Desk by 0.6% during the first quarter. Amundi now owns 3,056,305 shares of the technology company’s stock valued at $69,348,000 after acquiring an additional 17,097 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Trade Desk in the second quarter valued at about $39,750,000. Finally, Quantinno Capital Management LP lifted its position in shares of Trade Desk by 330.0% in the first quarter. Quantinno Capital Management LP now owns 1,496,748 shares of the technology company’s stock valued at $33,961,000 after acquiring an additional 1,148,680 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

More Trade Desk News

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

• Positive Sentiment: Quarterly results topped estimates: Q3 revenue was about $736 million versus roughly $651 million expected, while adjusted earnings were $0.33 per share, above consensus. Management forecast Q4 revenue of $755 million, ahead of the roughly $692 million analyst estimate. Trade Desk Q3 Earnings & Revenues Beat Estimates, Down Y/Y
• Positive Sentiment: Cost-cutting and capital returns may support the outlook: The company plans to reduce its workforce by 15%, targeting more than $100 million in gross savings in 2027, and expanded its share-repurchase authorization to $1 billion. Trade Desk: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Some analysts raised targets: RBC lifted its target to $18 while maintaining Sector Perform; Needham reaffirmed Buy with a $19 target. RBC Raises Price Target on Trade Desk
• Neutral Sentiment: TTD Stock Rises Overnight After Q3 Beat
• Negative Sentiment: Underlying performance remains a concern: Revenue slipped 0.5% year over year, and quarterly profit fell sharply. Analysts and investors remain focused on sluggish growth, execution, cost pressures, and intensifying competition. Trade Desk Faces Competitive Headwinds Despite Political Ad Boost
• Negative Sentiment: Analyst views remain divided: Citigroup maintained a Sell rating despite raising its target to $12, while Wedbush kept Neutral at $15. Citigroup rating information

Analyst Upgrades and Downgrades

TTD has been the subject of a number of recent analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $15.00 price objective on shares of Trade Desk in a research note on Tuesday. Wolfe Research reiterated an “outperform” rating and set a $16.00 target price on shares of Trade Desk in a research report on Friday, August 7th. Wells Fargo & Company set a $12.00 target price on Trade Desk and gave the company an “equal weight” rating in a research note on Friday, August 7th. HSBC cut Trade Desk from a “hold” rating to a “reduce” rating and set a $10.00 price target on the stock. in a report on Monday, August 10th. Finally, Rosenblatt Securities upped their price target on Trade Desk from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat, Trade Desk currently has a consensus rating of “Reduce” and an average price target of $18.64.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $15.42 on Wednesday. The company has a market cap of $7.25 billion, a P/E ratio of 22.35, a P/E/G ratio of 1.61 and a beta of 0.98. The firm’s fifty day moving average is $13.13 and its two-hundred day moving average is $19.41. The Trade Desk has a 52-week low of $11.62 and a 52-week high of $45.50.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Monday, November 9th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.04 by $0.29. The business had revenue of $735.97 million during the quarter, compared to the consensus estimate of $650.93 million. Trade Desk had a net margin of 11.03% and a return on equity of 14.64%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. As a group, analysts forecast that The Trade Desk will post 0.52 EPS for the current fiscal year.

Trade Desk Profile

The Trade Desk, Inc. provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display. The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.