Odyssean LLC Raises Position in The Trade Desk $TTD

Odyssean LLC grew its stake in The Trade Desk (NASDAQ:TTD) by 182.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,768 shares of the technology company’s stock after purchasing an additional 39,217 shares during the quarter. Odyssean LLC’s holdings in Trade Desk were worth $1,099,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TTD. State Street Corp raised its position in Trade Desk by 271.1% in the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after buying an additional 26,559,005 shares during the last quarter. Norges Bank purchased a new position in Trade Desk during the 4th quarter worth $197,550,000. Federated Hermes Inc. boosted its holdings in Trade Desk by 1,041.1% during the 4th quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock worth $178,824,000 after acquiring an additional 4,298,009 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of Trade Desk by 676.6% in the 4th quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock worth $159,739,000 after acquiring an additional 3,666,189 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Trade Desk by 101.0% in the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after acquiring an additional 3,421,074 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

NASDAQ TTD opened at $13.03 on Thursday. The business’s fifty day moving average is $17.15 and its 200-day moving average is $21.03. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.48 and a beta of 1.04. The Trade Desk has a one year low of $12.83 and a one year high of $56.39.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.06). Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The company had revenue of $715.06 million for the quarter, compared to the consensus estimate of $752.41 million. During the same quarter in the previous year, the company posted $0.41 EPS. Trade Desk’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts expect that The Trade Desk will post 0.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TTD. Morgan Stanley set a $13.00 price target on shares of Trade Desk in a research report on Monday, August 10th. Rosenblatt Securities reduced their price objective on shares of Trade Desk from $24.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. Moffett Nathanson set a $6.00 price objective on shares of Trade Desk in a research note on Friday, August 7th. Wedbush set a $21.00 target price on shares of Trade Desk and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Scotiabank set a $12.00 target price on Trade Desk and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and ten have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $19.33.

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.