The Trade Desk $TTD Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its stake in The Trade Desk (NASDAQ:TTD) by 65.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,122 shares of the technology company’s stock after selling 26,594 shares during the quarter. Fifth Third Bancorp’s holdings in Trade Desk were worth $536,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc lifted its stake in Trade Desk by 175.8% in the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after buying an additional 334 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Trade Desk during the 3rd quarter worth approximately $26,000. First Horizon Corp acquired a new position in shares of Trade Desk during the third quarter valued at approximately $29,000. Quent Capital LLC acquired a new position in shares of Trade Desk during the third quarter valued at approximately $32,000. Finally, Elevation Wealth Partners LLC lifted its position in shares of Trade Desk by 2,382.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after acquiring an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Down 2.5%

Shares of TTD opened at $23.99 on Thursday. The Trade Desk has a 12-month low of $19.74 and a 12-month high of $91.45. The firm has a market capitalization of $11.42 billion, a P/E ratio of 26.65, a P/E/G ratio of 0.98 and a beta of 1.10. The firm has a 50-day moving average price of $23.76 and a 200 day moving average price of $33.05.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The company had revenue of $846.79 million for the quarter, compared to the consensus estimate of $840.56 million. During the same period in the previous year, the firm earned $0.59 earnings per share. Trade Desk’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities research analysts predict that The Trade Desk will post 1.27 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 25th that allows the company to buyback $350.00 million in shares. This buyback authorization allows the technology company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Cfra reissued a “hold” rating and issued a $40.00 price objective on shares of Trade Desk in a research note on Tuesday, January 27th. Morgan Stanley dropped their target price on shares of Trade Desk from $42.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $35.00 target price on shares of Trade Desk in a research report on Tuesday, April 28th. Wedbush reissued an “underperform” rating and issued a $23.00 price target on shares of Trade Desk in a research note on Friday, March 6th. Finally, UBS Group set a $31.00 price target on shares of Trade Desk and gave the stock a “buy” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.38.

Insider Buying and Selling

In related news, Director Kathryn E. Falberg sold 102,828 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $30.45, for a total value of $3,131,112.60. Following the completion of the transaction, the director directly owned 1,946 shares in the company, valued at approximately $59,255.70. This represents a 98.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 11.41% of the company’s stock.

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.