KBC Group NV Cuts Stock Position in The Trade Desk $TTD

KBC Group NV lessened its holdings in The Trade Desk (NASDAQ:TTD) by 70.5% in the first quarter, Holdings Channel reports. The firm owned 179,566 shares of the technology company’s stock after selling 429,719 shares during the period. KBC Group NV’s holdings in Trade Desk were worth $4,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TTD. SEB Asset Management AB bought a new stake in shares of Trade Desk during the 1st quarter worth $2,007,000. Swiss National Bank grew its position in Trade Desk by 5.8% during the first quarter. Swiss National Bank now owns 1,292,200 shares of the technology company’s stock valued at $29,320,000 after buying an additional 71,200 shares during the period. Mediolanum International Funds Ltd increased its holdings in Trade Desk by 107.7% during the first quarter. Mediolanum International Funds Ltd now owns 184,270 shares of the technology company’s stock worth $4,056,000 after buying an additional 95,555 shares during the last quarter. Spartan Wealth Advisory Services LLC purchased a new stake in Trade Desk during the first quarter worth about $219,000. Finally, Assetmark Inc. raised its position in Trade Desk by 10.8% in the first quarter. Assetmark Inc. now owns 23,239 shares of the technology company’s stock worth $527,000 after acquiring an additional 2,263 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TTD. DA Davidson set a $29.00 target price on shares of Trade Desk and gave the company a “buy” rating in a research note on Monday, May 11th. Morgan Stanley set a $26.00 price target on shares of Trade Desk in a research note on Friday, May 8th. Arete Research set a $11.60 price target on shares of Trade Desk and gave the stock a “sell” rating in a report on Tuesday, June 30th. Piper Sandler reiterated a “neutral” rating and issued a $24.00 price objective on shares of Trade Desk in a research note on Friday, May 8th. Finally, Oppenheimer lowered Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk has a consensus rating of “Hold” and a consensus target price of $33.43.

Insider Transactions at Trade Desk

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

Trade Desk Stock Down 4.5%

TTD opened at $16.79 on Friday. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 0.85 and a beta of 1.04. The firm has a 50-day moving average price of $19.64 and a 200-day moving average price of $24.20. The Trade Desk has a twelve month low of $16.70 and a twelve month high of $91.45.

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

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.