Wealth Alliance LLC Reduces Stock Holdings in The Trade Desk $TTD

Wealth Alliance LLC reduced its position in The Trade Desk (NASDAQ:TTD) by 11.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,013 shares of the technology company’s stock after selling 2,225 shares during the period. Wealth Alliance LLC’s holdings in Trade Desk were worth $1,297,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in Trade Desk in the 1st quarter worth about $26,000. Sound Income Strategies LLC boosted its holdings in shares of Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after acquiring an additional 270 shares during the period. West Oak Capital LLC raised its stake in Trade Desk by 466.7% during the second quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after acquiring an additional 350 shares in the last quarter. HighMark Wealth Management LLC raised its stake in Trade Desk by 46.2% during the second quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after buying an additional 151 shares during the last quarter. Finally, Vermillion Wealth Management Inc. lifted its stake in Trade Desk by 400.0% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TTD has been the subject of several research analyst reports. Citigroup reaffirmed an “outperform” rating on shares of Trade Desk in a research report on Tuesday, September 30th. Oppenheimer lifted their target price on shares of Trade Desk from $80.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. BTIG Research downgraded Trade Desk from a “buy” rating to a “neutral” rating in a report on Friday, August 8th. HSBC reissued a “hold” rating and set a $56.00 price objective on shares of Trade Desk in a research note on Monday, August 11th. Finally, BMO Capital Markets lowered their price target on Trade Desk from $115.00 to $98.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Twenty-one equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $78.33.

Trade Desk Stock Performance

Trade Desk stock traded down $0.30 during mid-day trading on Thursday, hitting $43.49. 1,047,178 shares of the company traded hands, compared to its average volume of 12,124,456. The stock has a market cap of $21.26 billion, a price-to-earnings ratio of 49.77, a price-to-earnings-growth ratio of 2.31 and a beta of 1.43. The stock has a fifty day moving average price of $49.17 and a 200-day moving average price of $62.54. The Trade Desk has a one year low of $41.77 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. Trade Desk has set its Q4 2025 guidance at EPS. Sell-side analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its Board of Directors has approved a share buyback plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, the director directly owned 5,035 shares in the company, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 10.00% of the stock is owned by company insiders.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.