DNB Asset Management AS Purchases 171,011 Shares of The Trade Desk $TTD

DNB Asset Management AS lifted its position in shares of The Trade Desk (NASDAQ:TTD) by 210.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 252,463 shares of the technology company’s stock after acquiring an additional 171,011 shares during the quarter. DNB Asset Management AS owned approximately 0.05% of Trade Desk worth $12,373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Trade Desk by 0.7% in the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock worth $3,207,504,000 after acquiring an additional 317,107 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Trade Desk by 327.3% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,121,436 shares of the technology company’s stock worth $80,732,000 after purchasing an additional 858,978 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 purchasing an additional 66,672 shares during the period. Jacobson & Schmitt Advisors LLC grew its holdings in Trade Desk by 19.6% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock valued at $14,192,000 after buying an additional 47,539 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in Trade Desk by 22.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 996,787 shares of the technology company’s stock valued at $71,759,000 after buying an additional 185,552 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TTD has been the subject of a number of analyst reports. Zacks Research upgraded shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Bank of America lowered their target price on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 20th. BMO Capital Markets reduced their price target on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday. KeyCorp reiterated an “overweight” rating and issued a $40.00 price objective (down from $88.00) on shares of Trade Desk in a research report on Tuesday, February 3rd. Finally, Guggenheim restated a “buy” rating and issued a $50.00 target price (down 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, sixteen have assigned a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.70.

Key Trade Desk News

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Board authorized a $350 million share repurchase (about 2.9% of shares), signaling management thinks the stock is undervalued. MarketBeat Buyback Report
• Positive Sentiment: Q4 beat: revenue of ~$847M and EPS in line with consensus; core ad businesses (CTV/video) remain large and audio is cited as an emerging growth driver. Proactive Investors Q4 Coverage
• Positive Sentiment: Product roadmap/Kokai platform rollout noted as a potential catalyst that could restore growth and justify valuation after the pullback. Yahoo Valuation/Kokai Article
• Neutral Sentiment: Unusually large options volume — indicates elevated trading/speculation and hedging activity around the stock but not directional confirmation. American Banking News Options Note
• Negative Sentiment: Softer Q1 guidance: management guided Q1 revenue growth below Street expectations (roughly +10% vs. ~12% consensus) and flagged a ~500bps year‑over‑year margin headwind, which spooked investors. Yahoo: Jefferies Reaction & Guidance Note
• Negative Sentiment: Profitability outlook hit: management’s adjusted EBITDA guidance implies a material near‑term cut (one article notes adjusted EBITDA could be halved), increasing short‑term earnings uncertainty. Fool: EBITDA/Guidance Coverage
• Negative Sentiment: Broad analyst repricing: multiple firms cut price targets and ratings after the guidance (examples include Jefferies, Loop, New Street and others), reflecting increased skepticism about near‑term growth and competitive pressure. TipRanks: Analyst Reactions
• Negative Sentiment: Market share and secular worries: coverage highlights slowing growth, competition (notably Amazon), and investor reassessment of the “independent objective ad‑tech” thesis, pressuring multiples. Fool: Competitive/Thesis Coverage

Trade Desk Trading Down 0.5%

Shares of NASDAQ TTD opened at $23.82 on Friday. The stock’s 50-day moving average is $32.27 and its 200 day moving average is $41.81. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 0.93 and a beta of 1.10. The Trade Desk has a 1-year low of $21.08 and a 1-year high of $91.45.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. The business had revenue of $846.79 million during the quarter, compared to analyst estimates of $840.56 million. Trade Desk had a return on equity of 16.60% and a net margin of 15.31%.Trade Desk’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 earnings per share. On average, 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 initiated 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 usually a sign that the company’s management believes its shares are undervalued.

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.