The Trade Desk $TTD Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in The Trade Desk (NASDAQ:TTD) by 133.5% during the third quarter, Holdings Channel.com reports. The fund owned 189,786 shares of the technology company’s stock after purchasing an additional 108,520 shares during the quarter. NEOS Investment Management LLC’s holdings in Trade Desk were worth $9,301,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Trade Desk by 27.7% in the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after purchasing an additional 12,321,000 shares in the last quarter. Jennison Associates LLC raised its holdings in Trade Desk by 17.9% in the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock valued at $1,027,114,000 after buying an additional 2,169,252 shares during the period. Geode Capital Management LLC lifted its position 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 buying an additional 4,218,975 shares in the last quarter. Brown Advisory Inc. grew its stake in Trade Desk by 2.7% during the second quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock worth $599,212,000 after buying an additional 221,228 shares during the period. Finally, Invesco Ltd. increased its position in shares of Trade Desk by 22.4% in the second quarter. Invesco Ltd. now owns 3,386,897 shares of the technology company’s stock worth $243,823,000 after acquiring an additional 618,787 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TTD. Needham & Company LLC reduced their target price on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Cantor Fitzgerald set a $43.00 price objective on Trade Desk and gave the stock a “neutral” rating in a research note on Thursday, January 8th. UBS Group reiterated a “buy” rating and issued a $50.00 target price (down previously from $82.00) on shares of Trade Desk in a research note on Tuesday, January 20th. Cfra reiterated a “hold” rating and set a $40.00 target price on shares of Trade Desk in a report on Tuesday, January 27th. Finally, Stifel Nicolaus set a $74.00 price target on Trade Desk and gave the stock a “buy” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.25.

Trade Desk Stock Down 2.1%

Shares of NASDAQ TTD opened at $25.26 on Wednesday. The Trade Desk has a fifty-two week low of $24.84 and a fifty-two week high of $91.45. The business has a 50 day moving average price of $34.27 and a two-hundred day moving average price of $44.34. The firm has a market cap of $12.22 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10.

Trade Desk declared that its Board of Directors has authorized a stock buyback program on Thursday, November 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors 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.