The Trade Desk $TTD Stock Holdings Trimmed by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its position in shares of The Trade Desk (NASDAQ:TTD) by 11.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,379 shares of the technology company’s stock after selling 14,942 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Trade Desk were worth $5,655,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TTD. Family Legacy Financial Solutions LLC raised its position in shares of Trade Desk by 163.2% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after acquiring an additional 310 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Trade Desk by 317.6% in the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after purchasing an additional 270 shares during the period. Versant Capital Management Inc increased its stake in Trade Desk by 175.8% during the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after purchasing an additional 334 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Trade Desk during the third quarter worth $26,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Trade Desk in the 2nd quarter worth about $28,000. Institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of recent research reports. Exane BNP Paribas raised shares of Trade Desk to a “hold” rating in a research report on Wednesday, January 14th. Jefferies Financial Group set a $40.00 target price on Trade Desk and gave the company a “hold” rating in a report on Thursday, December 11th. Truist Financial dropped their price target on Trade Desk from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. JMP Securities set a $60.00 price target on Trade Desk and gave the stock a “market outperform” rating in a report on Tuesday, September 30th. Finally, Evercore ISI reduced their price objective on Trade Desk from $80.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $67.76.

Trade Desk Trading Down 0.7%

Shares of NASDAQ TTD opened at $36.55 on Friday. The Trade Desk has a 12-month low of $34.00 and a 12-month high of $125.80. The company has a market cap of $17.68 billion, a PE ratio of 42.01, a P/E/G ratio of 1.43 and a beta of 1.11. The stock has a 50 day simple moving average of $38.04 and a 200-day simple moving average of $50.98.

Trade Desk (NASDAQ:TTD) last announced its earnings results 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 return on equity of 16.00% and a net margin of 15.72%.The firm had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. During the same quarter in the previous year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. Sell-side analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a share repurchase program on Thursday, November 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally an indication 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.