Northwestern Mutual Wealth Management Co. Reduces Position in The Trade Desk $TTD

Northwestern Mutual Wealth Management Co. cut its holdings in shares of The Trade Desk (NASDAQ:TTD) by 94.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 45,244 shares of the technology company’s stock after selling 811,227 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Trade Desk were worth $1,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after purchasing an additional 169 shares during the last quarter. Tidemark LLC lifted its holdings in Trade Desk by 35.1% during the third quarter. Tidemark LLC now owns 943 shares of the technology company’s stock valued at $46,000 after purchasing an additional 245 shares during the last quarter. Whittier Trust Co. lifted its holdings in Trade Desk by 13.5% during the third quarter. Whittier Trust Co. now owns 2,172 shares of the technology company’s stock valued at $112,000 after purchasing an additional 258 shares during the last quarter. Howard Capital Management Inc. lifted its holdings in Trade Desk by 2.3% during the fourth quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock valued at $461,000 after purchasing an additional 275 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its holdings in Trade Desk by 3.6% during the third quarter. Insigneo Advisory Services LLC now owns 8,632 shares of the technology company’s stock valued at $423,000 after purchasing an additional 298 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on TTD. Loop Capital downgraded shares of Trade Desk from a “buy” rating to a “hold” rating and dropped their price objective for the company from $75.00 to $25.00 in a report on Thursday, February 26th. Weiss Ratings downgraded shares of Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 8th. Arete Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and set a $25.00 price target on the stock in a report on Monday, March 16th. DA Davidson set a $29.00 price target on shares of Trade Desk and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, BMO Capital Markets lowered their price target on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.61.

Trade Desk Trading Up 0.5%

Shares of Trade Desk stock opened at $22.29 on Thursday. The Trade Desk has a 12-month low of $19.74 and a 12-month high of $91.45. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.07 and a beta of 1.10. The company’s 50-day moving average price is $22.37 and its 200-day moving average price is $29.98.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The firm had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. During the same period in the previous year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts predict that The Trade Desk will post 1.17 earnings per share for the current year.

Trade Desk announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Kathryn E. Falberg sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. 11.41% of the stock is owned by corporate insiders.

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.