Greenland Capital Management LP Acquires New Holdings in The Trade Desk $TTD

Greenland Capital Management LP purchased a new stake in shares of The Trade Desk (NASDAQ:TTD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 76,689 shares of the technology company’s stock, valued at approximately $5,521,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TTD. HHM Wealth Advisors LLC increased its position in Trade Desk by 8.4% in the 2nd quarter. HHM Wealth Advisors LLC now owns 6,445 shares of the technology company’s stock valued at $464,000 after acquiring an additional 500 shares during the period. Portside Wealth Group LLC bought a new position in shares of Trade Desk in the second quarter worth $210,000. Vanguard Group Inc. increased its holdings in shares of Trade Desk by 0.7% during the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock valued at $3,207,504,000 after purchasing an additional 317,107 shares during the period. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Trade Desk during the second quarter valued at about $205,000. Finally, Intrust Bank NA bought a new stake in shares of Trade Desk during the second quarter valued at about $261,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Oppenheimer upped their target price on Trade Desk from $80.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Piper Sandler lowered their target price on Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, August 8th. Stifel Nicolaus cut their price target on shares of Trade Desk from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 8th. HSBC reiterated a “hold” rating and issued a $56.00 target price on shares of Trade Desk in a report on Monday, August 11th. Finally, Hsbc Global Res lowered shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Twenty-one equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $78.33.

Insider Buying and Selling at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 5,035 shares of the company’s stock, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.00% of the stock is owned by corporate insiders.

Trade Desk Stock Performance

Trade Desk stock opened at $40.47 on Wednesday. The Trade Desk has a 52 week low of $39.69 and a 52 week high of $141.53. The firm has a market capitalization of $19.57 billion, a price-to-earnings ratio of 46.52, a P/E/G ratio of 1.99 and a beta of 1.43. The company has a 50 day moving average price of $48.31 and a 200 day moving average price of $62.25.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.Trade Desk’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Trade Desk has set its Q4 2025 guidance at EPS. Equities analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has authorized a share buyback program on Thursday, November 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

About Trade Desk

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.