Chicago Partners Investment Group LLC Raises Stock Holdings in The Trade Desk $TTD

Chicago Partners Investment Group LLC increased its stake in shares of The Trade Desk (NASDAQ:TTD) by 33.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,286 shares of the technology company’s stock after purchasing an additional 2,308 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Trade Desk were worth $668,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock worth $2,420,689,000 after purchasing an additional 1,567,491 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Trade Desk by 198.4% during the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock worth $443,358,000 after purchasing an additional 5,387,339 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Trade Desk during the 1st quarter worth $191,935,000. Zevenbergen Capital Investments LLC lifted its stake in shares of Trade Desk by 3.7% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 2,169,273 shares of the technology company’s stock worth $118,703,000 after purchasing an additional 77,890 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Trade Desk by 8.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,000,184 shares of the technology company’s stock worth $109,450,000 after purchasing an additional 156,703 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Bank of America reiterated an “underperform” rating and issued a $55.00 price target (down from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. Wedbush reiterated an “outperform” rating and issued a $86.00 price target on shares of Trade Desk in a research note on Tuesday, July 15th. UBS Group decreased their price target on Trade Desk from $105.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, August 15th. BMO Capital Markets decreased their price target on Trade Desk from $115.00 to $98.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Finally, Piper Sandler decreased their price target on Trade Desk from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Friday, August 8th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Trade Desk has an average rating of “Hold” and an average target price of $84.48.

Insider Transactions at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value of $4,676,622.20. Following the transaction, the insider directly owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the transaction, the director directly owned 5,035 shares in the company, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by corporate insiders.

Trade Desk Stock Performance

Shares of TTD stock opened at $53.92 on Wednesday. The stock’s 50-day simple moving average is $50.65 and its 200-day simple moving average is $62.57. The firm has a market capitalization of $26.36 billion, a PE ratio of 64.96, a P/E/G ratio of 2.81 and a beta of 1.38. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53.

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

Trade Desk Company 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.