Aberdeen Group plc Boosts Holdings in The Trade Desk $TTD

Aberdeen Group plc lifted its stake in The Trade Desk (NASDAQ:TTD) by 36.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,883 shares of the technology company’s stock after purchasing an additional 27,672 shares during the period. Aberdeen Group plc’s holdings in Trade Desk were worth $5,042,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. STF Management LP raised its holdings in Trade Desk by 2.1% during the second quarter. STF Management LP now owns 6,627 shares of the technology company’s stock valued at $477,000 after acquiring an additional 136 shares during the period. Brighton Jones LLC raised its position in shares of Trade Desk by 3.8% during the 4th 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 in the last quarter. CVA Family Office LLC lifted its stake in shares of Trade Desk by 37.2% in the 2nd quarter. CVA Family Office LLC now owns 657 shares of the technology company’s stock valued at $47,000 after purchasing an additional 178 shares during the last quarter. M&T Bank Corp boosted its stake in Trade Desk by 0.7% during the second quarter. M&T Bank Corp now owns 27,607 shares of the technology company’s stock worth $1,987,000 after buying an additional 194 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Trade Desk by 52.2% during the second quarter. Parkside Financial Bank & Trust now owns 586 shares of the technology company’s stock valued at $42,000 after buying an additional 201 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Price Performance

Shares of TTD stock opened at $25.10 on Friday. The company has a market capitalization of $12.14 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 0.99 and a beta of 1.10. The firm’s 50-day moving average is $33.53 and its two-hundred day moving average is $43.63. The Trade Desk has a 12 month low of $24.84 and a 12 month high of $91.45.

Trade Desk announced that its board has initiated a stock repurchase program on Thursday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Zacks Research upgraded Trade Desk from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Evercore cut their price objective on Trade Desk from $80.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Bank of America lowered their target price on Trade Desk from $49.00 to $40.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 20th. Rosenblatt Securities dropped their target price on Trade Desk from $64.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Finally, Stifel Nicolaus set a $74.00 price objective 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, sixteen have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $58.94.

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.