Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Raises Stock Holdings in The Trade Desk $TTD

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of The Trade Desk (NASDAQ:TTD) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,426,437 shares of the technology company’s stock after purchasing an additional 120,322 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Trade Desk were worth $77,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Family Legacy Financial Solutions LLC increased its holdings in shares of Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after acquiring an additional 310 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after purchasing an additional 270 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Trade Desk during the second quarter worth $28,000. Transce3nd LLC acquired a new stake in Trade Desk during the second quarter valued at $28,000. Finally, West Oak Capital LLC raised its position in shares of Trade Desk by 466.7% in 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 during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTD has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $80.00 price objective on shares of Trade Desk and gave the stock an “outperform” rating in a research report on Friday, November 7th. Needham & Company LLC decreased their target price on Trade Desk from $84.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Trade Desk in a research note on Monday, December 29th. DA Davidson reduced their price objective on Trade Desk from $80.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, Susquehanna lowered their target price on shares of Trade Desk from $135.00 to $85.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. Twenty-one analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $71.19.

Trade Desk Stock Performance

NASDAQ TTD opened at $37.29 on Monday. The Trade Desk has a one year low of $35.65 and a one year high of $126.20. The company’s 50 day moving average price is $39.80 and its 200 day moving average price is $53.40. The firm has a market capitalization of $18.03 billion, a price-to-earnings ratio of 42.86, a PEG ratio of 1.46 and a beta of 1.11.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm 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%.Trade Desk’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share. Sell-side analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal 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 outstanding shares. This buyback authorization authorizes the technology company to repurchase 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 stock is undervalued.

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.