Eurizon Capital SGR S.p.A. Purchases New Stake in The Trade Desk $TTD

Eurizon Capital SGR S.p.A. purchased a new stake in The Trade Desk (NASDAQ:TTD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 40,290 shares of the technology company’s stock, valued at approximately $1,530,000.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Trade Desk by 27.7% in the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after buying an additional 12,321,000 shares during the period. State Street Corp raised its stake in shares of Trade Desk by 271.1% during the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after purchasing an additional 26,559,005 shares during the period. Invesco Ltd. raised its stake in shares of Trade Desk by 101.0% during the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock valued at $333,659,000 after purchasing an additional 3,421,074 shares during the period. Jericho Capital Asset Management L.P. raised its stake in shares of Trade Desk by 86.3% during the third quarter. Jericho Capital Asset Management L.P. now owns 4,067,000 shares of the technology company’s stock valued at $199,324,000 after purchasing an additional 1,884,000 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Trade Desk by 34.3% during the third quarter. Northern Trust Corp now owns 3,893,963 shares of the technology company’s stock valued at $190,843,000 after purchasing an additional 993,739 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of analyst reports. HSBC lowered shares of Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 price objective on the stock. in a research note on Monday, May 11th. Evercore set a $27.00 price objective on shares of Trade Desk in a research note on Friday, May 8th. Rosenblatt Securities dropped their price objective on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Stifel Nicolaus set a $21.00 price objective on shares of Trade Desk in a research note on Friday, May 8th. Finally, Truist Financial set a $35.00 price objective on shares of Trade Desk and gave the company a “buy” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.91.

Trade Desk Trading Down 9.1%

TTD stock opened at $21.11 on Wednesday. The Trade Desk has a twelve month low of $19.74 and a twelve month high of $91.45. The company has a market capitalization of $9.93 billion, a P/E ratio of 23.99, a PEG ratio of 1.12 and a beta of 1.05. The firm has a 50 day simple moving average of $22.25 and a 200-day simple moving average of $29.53.

Trade Desk (NASDAQ:TTD) last released its quarterly 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). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The company had revenue of $688.86 million for the quarter, compared to analyst estimates of $678.87 million. During the same period in the previous year, the business posted $0.33 EPS. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, research analysts predict that The Trade Desk will post 1.17 EPS for the current year.

Trade Desk declared that its board has approved a share repurchase program on Wednesday, February 25th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Kathryn E. Falberg sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total transaction of $1,524,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the sale, the director directly owned 13,099 shares of the company’s stock, valued at $276,912.86. The trade was a 80.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 206,509 shares of company stock valued at $5,789,929 in the last three months. Corporate insiders own 11.41% of the company’s stock.

Trade Desk Company 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.