Fifth Third Bancorp Purchases 70,890 Shares of The Trade Desk $TTD

Fifth Third Bancorp raised its position in The Trade Desk (NASDAQ:TTD) by 502.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 85,012 shares of the technology company’s stock after purchasing an additional 70,890 shares during the period. Fifth Third Bancorp’s holdings in Trade Desk were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares in the last quarter. Howard Capital Management Inc. grew its holdings in shares of Trade Desk by 2.3% during the 4th quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock worth $461,000 after purchasing an additional 275 shares in the last quarter. Tema Etfs LLC grew its holdings in shares of Trade Desk by 4.1% during the 4th quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock worth $288,000 after purchasing an additional 302 shares in the last quarter. Visionary Wealth Advisors increased its position in shares of Trade Desk by 3.3% in the second quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock worth $728,000 after purchasing an additional 327 shares during the period. Finally, CVA Family Office LLC raised its stake in Trade Desk by 62.1% in the fourth quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock valued at $34,000 after purchasing an additional 344 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wedbush set a $21.00 price objective on shares of Trade Desk and gave the stock a “neutral” rating in a research report on Friday, May 8th. William Blair lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. Citigroup restated a “neutral” rating on shares of Trade Desk in a research report on Friday, May 8th. Truist Financial set a $35.00 price target on shares of Trade Desk and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Morgan Stanley set a $26.00 price target on shares of Trade Desk in a research report 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 issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $33.43.

Insider Activity

In related news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the transaction, the director directly owned 13,099 shares in the company, valued at $276,912.86. This represents a 80.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 11.41% of the company’s stock.

Trade Desk Stock Down 3.7%

NASDAQ:TTD opened at $17.58 on Thursday. The Trade Desk has a twelve month low of $16.98 and a twelve month high of $91.45. The stock’s 50-day simple moving average is $19.72 and its 200 day simple moving average is $24.35. The firm has a market capitalization of $8.26 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 0.88 and a beta of 1.04.

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

About Trade Desk

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.