Ethic Inc. Acquires 16,706 Shares of The Trade Desk $TTD

Ethic Inc. boosted its holdings in The Trade Desk (NASDAQ:TTD) by 295.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,363 shares of the technology company’s stock after purchasing an additional 16,706 shares during the quarter. Ethic Inc.’s holdings in Trade Desk were worth $1,096,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC raised its position in shares of Trade Desk by 317.6% in the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after buying an additional 270 shares in the last quarter. Transce3nd LLC bought a new position in Trade Desk during the 2nd quarter worth $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Trade Desk in the 2nd quarter valued at $28,000. West Oak Capital LLC lifted its position in shares of Trade Desk by 466.7% during the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock valued at $31,000 after acquiring an additional 350 shares during the period. Finally, HighMark Wealth Management LLC grew its holdings in shares of Trade Desk by 46.2% during the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after purchasing an additional 151 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TTD shares. Rosenblatt Securities dropped their price target on Trade Desk from $78.00 to $64.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Benchmark upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Friday, November 7th. Needham & Company LLC reduced their price target on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Zacks Research raised shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Evercore ISI cut their target price on Trade Desk from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Trade Desk presently has a consensus rating of “Hold” and an average price target of $74.03.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $37.68 on Friday. The Trade Desk has a one year low of $35.65 and a one year high of $127.59. The company has a market cap of $18.22 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 1.49 and a beta of 1.11. The firm has a 50 day simple moving average of $41.03 and a 200 day simple moving average of $54.67.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $719.11 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. As a group, analysts expect that The Trade Desk will post 1.06 EPS for the current year.

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