Profund Advisors LLC Has $3.12 Million Stake in The Trade Desk $TTD

Profund Advisors LLC increased its stake in shares of The Trade Desk (NASDAQ:TTD) by 91.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,688 shares of the technology company’s stock after purchasing an additional 30,353 shares during the quarter. Profund Advisors LLC’s holdings in Trade Desk were worth $3,121,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Trade Desk by 0.7% during the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock worth $3,207,504,000 after purchasing an additional 317,107 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Trade Desk by 327.3% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,121,436 shares of the technology company’s stock valued at $80,732,000 after purchasing an additional 858,978 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Trade Desk by 62.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,743 shares of the technology company’s stock worth $8,515,000 after buying an additional 66,672 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of Trade Desk by 22.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 996,787 shares of the technology company’s stock worth $71,759,000 after buying an additional 185,552 shares during the period. Finally, Schroder Investment Management Group boosted its stake in Trade Desk by 56.8% in the 2nd quarter. Schroder Investment Management Group now owns 895,150 shares of the technology company’s stock valued at $64,442,000 after buying an additional 324,173 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Price Performance

TTD stock opened at $27.04 on Tuesday. The company has a 50 day moving average price of $35.83 and a 200 day moving average price of $46.88. The Trade Desk has a fifty-two week low of $26.01 and a fifty-two week high of $125.80. The stock has a market capitalization of $13.08 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 1.06 and a beta of 1.10.

Trade Desk declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Weiss Ratings cut Trade Desk from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 27th. Citigroup dropped their target price on shares of Trade Desk from $50.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, January 27th. Evercore reduced their price target on shares of Trade Desk from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Stifel Nicolaus set a $74.00 price objective on shares of Trade Desk and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Guggenheim reiterated a “buy” rating and issued a $50.00 target price (down previously from $55.00) on shares of Trade Desk in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $63.91.

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.