IFM Investors Pty Ltd Purchases 1,370 Shares of The Trade Desk $TTD

IFM Investors Pty Ltd lifted its stake in shares of The Trade Desk (NASDAQ:TTD) by 1.7% in the first quarter, HoldingsChannel reports. The fund owned 80,948 shares of the technology company’s stock after acquiring an additional 1,370 shares during the period. IFM Investors Pty Ltd’s holdings in Trade Desk were worth $4,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Ashton Thomas Securities LLC grew its stake in shares of Trade Desk by 2.6% during the 1st quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company’s stock valued at $315,000 after acquiring an additional 144 shares during the period. Tradition Wealth Management LLC grew its stake in shares of Trade Desk by 2.4% during the 1st quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company’s stock valued at $347,000 after acquiring an additional 150 shares during the period. Meiji Yasuda Life Insurance Co grew its stake in shares of Trade Desk by 2.8% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 5,857 shares of the technology company’s stock valued at $320,000 after acquiring an additional 157 shares during the period. Brighton Jones LLC grew its stake in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares during the period. Finally, Peterson Wealth Services grew its stake in shares of Trade Desk by 2.2% during the 1st quarter. Peterson Wealth Services now owns 8,992 shares of the technology company’s stock valued at $492,000 after acquiring an additional 190 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Jay R. Grant sold 51,290 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider directly owned 218,246 shares of the company’s stock, valued at $19,899,670.28. This represents a 19.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TTD. Macquarie boosted their price objective on Trade Desk from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. Morgan Stanley cut Trade Desk from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $80.00 to $50.00 in a report on Wednesday. Hsbc Global Res cut Trade Desk from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Wedbush reissued an “outperform” rating and issued a $86.00 price target on shares of Trade Desk in a report on Tuesday, July 15th. Finally, Oppenheimer boosted their price target on Trade Desk from $80.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $87.67.

Trade Desk Price Performance

Shares of TTD opened at $45.24 on Friday. The stock has a market capitalization of $22.12 billion, a price-to-earnings ratio of 54.51, a price-to-earnings-growth ratio of 2.37 and a beta of 1.36. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The business’s 50 day simple moving average is $67.34 and its 200-day simple moving average is $64.63.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). The firm had revenue of $694.04 million for the quarter, compared to analysts’ expectations of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The firm’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.