Hsbc Holdings PLC Buys 62,672 Shares of The Trade Desk $TTD

Hsbc Holdings PLC increased its stake in The Trade Desk (NASDAQ:TTD) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,083,635 shares of the technology company’s stock after acquiring an additional 62,672 shares during the quarter. Hsbc Holdings PLC’s holdings in Trade Desk were worth $24,737,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Elevation Wealth Partners LLC increased its position in 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 period. Albion Financial Group UT acquired a new stake in shares of Trade Desk during the fourth quarter worth $30,000. Root Financial Partners LLC raised its stake in Trade Desk by 219.4% during the first quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock worth $30,000 after buying an additional 906 shares during the last quarter. CVA Family Office LLC lifted its holdings in Trade Desk by 62.1% in the fourth quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock valued at $34,000 after buying an additional 344 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in Trade Desk in the fourth quarter valued at $35,000. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $18.25 on Wednesday. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 0.90 and a beta of 1.04. The Trade Desk has a fifty-two week low of $16.98 and a fifty-two week high of $91.45. The firm’s 50-day simple moving average is $19.78 and its 200 day simple moving average is $24.50.

Trade Desk (NASDAQ:TTD) last issued 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 return on equity of 16.91% and a net margin of 14.57%.The company had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. During the same period last year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, sell-side analysts predict that The Trade Desk will post 1.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank Of Canada set a $33.00 price target on Trade Desk and gave the stock an “outperform” rating in a report on Friday, May 8th. Weiss Ratings downgraded Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. KeyCorp lowered Trade Desk from an “overweight” rating to a “sector weight” rating in a research report on Friday, May 8th. DA Davidson set a $29.00 target price on Trade Desk and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, HSBC upgraded Trade Desk from a “reduce” rating to a “hold” rating and set a $20.00 target price for the company in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $33.43.

Insider Transactions at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction 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 sale, the director owned 13,099 shares in the company, valued at approximately $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 11.41% of the company’s stock.

About Trade Desk

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.