Beacon Investment Advisory Services Inc. Has $6.88 Million Stake in The Trade Desk $TTD

Beacon Investment Advisory Services Inc. lowered its holdings in shares of The Trade Desk (NASDAQ:TTD) by 30.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,369 shares of the technology company’s stock after selling 60,760 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Trade Desk were worth $6,879,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TTD. Vanguard Group Inc. boosted its position in shares of Trade Desk by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock valued at $3,207,504,000 after acquiring an additional 317,107 shares in the last quarter. Jennison Associates LLC lifted its stake in Trade Desk by 17.9% during the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock worth $1,027,114,000 after purchasing an additional 2,169,252 shares during the period. Geode Capital Management LLC boosted its holdings in Trade Desk by 52.1% during the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after purchasing an additional 4,218,975 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Trade Desk by 2.7% in the 2nd quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock valued at $599,212,000 after purchasing an additional 221,228 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Trade Desk by 22.4% in the 2nd quarter. Invesco Ltd. now owns 3,386,897 shares of the technology company’s stock worth $243,823,000 after buying an additional 618,787 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Rosenblatt Securities decreased their price target on Trade Desk from $78.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. JMP Securities set a $60.00 target price on shares of Trade Desk and gave the company a “market outperform” rating in a research note on Tuesday, September 30th. Benchmark raised shares of Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, November 7th. Needham & Company LLC cut their price target on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, Zacks Research upgraded shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus price target of $76.56.

Trade Desk Stock Up 0.5%

Shares of NASDAQ TTD opened at $38.31 on Friday. The firm’s 50-day simple moving average is $42.55 and its 200 day simple moving average is $55.81. The company has a market cap of $18.53 billion, a price-to-earnings ratio of 44.03, a price-to-earnings-growth ratio of 1.90 and a beta of 1.07. The Trade Desk has a 12-month low of $35.65 and a 12-month high of $127.59.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The firm had revenue of $739.43 million during the quarter, compared to analysts’ expectations of $719.11 million. During the same quarter last year, the company posted $0.41 EPS. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has approved a stock buyback plan on Thursday, November 6th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Trade Desk 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.