Bank of New York Mellon Corp Has $49.62 Million Holdings in The Trade Desk $TTD

Bank of New York Mellon Corp lessened its holdings in shares of The Trade Desk (NASDAQ:TTD) by 1.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,187,034 shares of the technology company’s stock after selling 42,912 shares during the period. Bank of New York Mellon Corp’s holdings in Trade Desk were worth $49,624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTD. State Street Corp raised its position in shares of Trade Desk by 271.1% in the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after acquiring an additional 26,559,005 shares during the period. Invesco Ltd. lifted its stake in Trade Desk by 101.0% in the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock valued at $333,659,000 after acquiring an additional 3,421,074 shares during the last quarter. Norges Bank bought a new position in shares of Trade Desk during the 4th quarter worth approximately $197,550,000. Federated Hermes Inc. grew its stake in Trade Desk by 1,041.1% in the 4th quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock valued at $178,824,000 after buying an additional 4,298,009 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its position in Trade Desk by 676.6% during the 4th quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock worth $159,739,000 after buying an additional 3,666,189 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 13,099 shares in the company, valued at approximately $276,912.86. This represents a 80.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Rosenblatt Securities dropped their target price on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Arete Research set a $11.60 price objective on shares of Trade Desk and gave the stock a “sell” rating in a report on Tuesday, June 30th. UBS Group set a $28.00 target price on Trade Desk and gave the company a “buy” rating in a research note on Monday, July 13th. Truist Financial set a $35.00 price target on shares of Trade Desk and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Wedbush set a $21.00 price objective on Trade Desk and gave the company a “neutral” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Trade Desk has a consensus rating of “Hold” and an average price target of $33.43.

Trade Desk Stock Up 3.0%

Shares of Trade Desk stock opened at $17.29 on Friday. The Trade Desk has a 52 week low of $16.70 and a 52 week high of $91.45. The stock’s 50-day simple moving average is $19.57 and its 200-day simple moving average is $24.16. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 0.81 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 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 firm had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. During the same period last year, the firm posted $0.33 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities analysts expect that The Trade Desk will post 1.17 earnings per share for the current year.

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.