Barclays PLC Grows Stock Holdings in The Trade Desk $TTD

Barclays PLC raised its position in shares of The Trade Desk (NASDAQ:TTD) by 2.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,128,361 shares of the technology company’s stock after buying an additional 79,923 shares during the period. Barclays PLC’s holdings in Trade Desk were worth $118,753,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TTD. Elevation Wealth Partners LLC raised its stake in shares of Trade Desk by 2,382.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after acquiring an additional 691 shares in the last quarter. Albion Financial Group UT acquired a new stake in shares of Trade Desk during the fourth quarter worth about $30,000. CVA Family Office LLC grew its holdings in shares of Trade Desk by 62.1% during the fourth quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after buying an additional 344 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Trade Desk during the fourth quarter worth about $35,000. Finally, Binnacle Investments Inc purchased a new position in shares of Trade Desk during the third quarter worth about $37,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $19.27 on Tuesday. The Trade Desk has a 1 year low of $18.31 and a 1 year high of $91.45. The company has a market capitalization of $9.06 billion, a P/E ratio of 21.90, a P/E/G ratio of 0.93 and a beta of 1.05. The business has a 50 day moving average price of $21.74 and a 200 day moving average price of $28.07.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research analysts expect that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 25th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TTD shares. Citigroup reaffirmed a “neutral” rating on shares of Trade Desk in a report on Friday, May 8th. Stifel Nicolaus set a $21.00 price objective on Trade Desk in a report on Friday, May 8th. Wedbush set a $21.00 price objective on Trade Desk and gave the company a “neutral” rating in a report on Friday, May 8th. Truist Financial set a $35.00 price objective on Trade Desk and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Arete Research raised Trade Desk from a “sell” rating to a “neutral” rating and set a $25.00 price objective on the stock in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.91.

Insiders Place Their Bets

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the transaction, the director directly owned 13,099 shares in the company, valued at approximately $276,912.86. The trade was a 80.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.