Geode Capital Management LLC Decreases Holdings in The Trade Desk $TTD

Geode Capital Management LLC cut its holdings in shares of The Trade Desk (NASDAQ:TTD) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,595,728 shares of the technology company’s stock after selling 1,492,651 shares during the quarter. Geode Capital Management LLC’s holdings in Trade Desk were worth $515,785,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. King Luther Capital Management Corp increased its position in shares of Trade Desk by 73.7% during the 4th quarter. King Luther Capital Management Corp now owns 40,080 shares of the technology company’s stock valued at $1,521,000 after purchasing an additional 17,000 shares during the last quarter. Malaga Cove Capital LLC increased its position in shares of Trade Desk by 3.6% during the 4th quarter. Malaga Cove Capital LLC now owns 36,821 shares of the technology company’s stock valued at $1,398,000 after purchasing an additional 1,264 shares during the last quarter. Allstate Corp increased its position in shares of Trade Desk by 100.3% during the 4th quarter. Allstate Corp now owns 33,603 shares of the technology company’s stock valued at $1,276,000 after purchasing an additional 16,830 shares during the last quarter. Legal & General Group Plc increased its position in shares of Trade Desk by 3.6% during the 4th quarter. Legal & General Group Plc now owns 2,529,713 shares of the technology company’s stock valued at $96,028,000 after purchasing an additional 87,203 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Trade Desk by 1.5% during the 4th quarter. Swedbank AB now owns 332,232 shares of the technology company’s stock valued at $12,612,000 after purchasing an additional 5,000 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Shares of TTD opened at $21.56 on Monday. The business has a 50-day moving average of $22.25 and a 200 day moving average of $29.68. The Trade Desk has a fifty-two week low of $19.74 and a fifty-two week high of $91.45. The firm has a market cap of $10.14 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.05.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The company had revenue of $688.86 million for the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. As a group, research analysts predict that The Trade Desk will post 1.17 earnings per share for the current fiscal year.

Trade Desk declared that its board has authorized a share buyback plan on Wednesday, February 25th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the technology company to buy up to 2.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Rothschild & Co Redburn assumed coverage on Trade Desk in a report on Thursday. They issued a “sell” rating and a $11.00 price objective for the company. Scotiabank set a $20.00 price objective on Trade Desk in a report on Monday, May 11th. Piper Sandler reissued a “neutral” rating and issued a $24.00 price objective on shares of Trade Desk in a report on Friday, May 8th. Needham & Company LLC decreased their price objective on Trade Desk from $32.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, BMO Capital Markets decreased their price objective on Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk has an average rating of “Hold” and an average price target of $33.91.

Insiders Place Their Bets

In other Trade Desk news, Director Kathryn E. Falberg sold 102,828 shares of Trade Desk stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the completion of the transaction, the director owned 1,946 shares of the company’s stock, valued at $59,255.70. The trade was a 98.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.41% of the stock is owned by insiders.

Key Trade Desk News

Here are the key news stories impacting Trade Desk this week:

• Negative Sentiment: Rothschild & Co Redburn initiated coverage on The Trade Desk with a sell rating and an $11 price target, implying significant downside from recent trading levels. Benzinga
• Negative Sentiment: Multiple articles highlighted The Trade Desk’s decline from being a $69 billion digital-ad leader, reinforcing investor concerns that growth is slowing and the market is resetting expectations. The Trade Desk’s Fall From $69 Billion Digital-Ad Darling
• Negative Sentiment: A separate report said TTD faces a “new reality” and cited an analyst warning of as much as 50% downside risk, adding to bearish sentiment around the stock. TTD stock faces ‘new reality’ as analyst warns of 50% downside risk
• Neutral Sentiment: The company also announced board compensation changes for new non-employee director Samanth, but this appears to be a routine governance update with limited immediate impact on the stock. Trade Desk Aligns Compensation for New Non-Employee Director

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.