Principal Financial Group Inc. Acquires 369,345 Shares of The Trade Desk $TTD

Principal Financial Group Inc. raised its stake in shares of The Trade Desk (NASDAQ:TTD) by 325.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 482,666 shares of the technology company’s stock after purchasing an additional 369,345 shares during the period. Principal Financial Group Inc.’s holdings in Trade Desk were worth $23,655,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TTD. Brighton Jones LLC boosted its position in shares of 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 buying an additional 169 shares during the last quarter. Bison Wealth LLC lifted its stake in Trade Desk by 24.3% during the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after acquiring an additional 485 shares in the last quarter. Woodline Partners LP boosted its holdings in Trade Desk by 75.5% during the 1st quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after acquiring an additional 2,269 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Trade Desk in the 2nd quarter worth $97,000. Finally, DAVENPORT & Co LLC raised its holdings in shares of Trade Desk by 7.5% in the second quarter. DAVENPORT & Co LLC now owns 4,224 shares of the technology company’s stock valued at $304,000 after purchasing an additional 295 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wedbush reduced their price objective on shares of Trade Desk from $50.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, December 8th. Cfra Research lowered Trade Desk from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 27th. Susquehanna dropped their price target on Trade Desk from $135.00 to $85.00 and set a “positive” rating on the stock in a report on Friday, November 7th. Citizens Jmp cut Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, January 23rd. Finally, Stifel Nicolaus set a $74.00 price objective on Trade Desk and gave the company a “buy” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $63.91.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $27.03 on Friday. The stock has a market capitalization of $13.07 billion, a PE ratio of 31.07, a P/E/G ratio of 1.06 and a beta of 1.10. The Trade Desk has a one year low of $26.01 and a one year high of $125.80. The business’s fifty day moving average price is $36.08 and its 200-day moving average price is $47.55.

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

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

About Trade Desk

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.