Y Intercept Hong Kong Ltd Acquires 286,045 Shares of The Trade Desk $TTD

Y Intercept Hong Kong Ltd grew its holdings in The Trade Desk (NASDAQ:TTD) by 1,863.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,397 shares of the technology company’s stock after acquiring an additional 286,045 shares during the period. Y Intercept Hong Kong Ltd owned about 0.06% of Trade Desk worth $14,771,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC boosted its stake in Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after purchasing an additional 270 shares during the period. Transce3nd LLC purchased a new position in shares of Trade Desk in the second quarter worth $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Trade Desk during the second quarter worth $28,000. HighMark Wealth Management LLC grew 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 valued at $34,000 after acquiring an additional 151 shares in the last quarter. Finally, Vermillion Wealth Management Inc. grew its stake in Trade Desk by 400.0% during the second 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. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $36.55 on Friday. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 42.01, a price-to-earnings-growth ratio of 1.44 and a beta of 1.11. The stock has a 50 day moving average price of $38.04 and a 200-day moving average price of $51.14. The Trade Desk has a one year low of $34.00 and a one year high of $125.80.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company 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%.During the same period last year, the company earned $0.41 earnings per share. Trade Desk’s revenue was up 17.7% on a year-over-year basis. Sell-side analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has authorized a share buyback program on Thursday, November 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

TTD has been the subject of several research reports. DA Davidson dropped their price objective on shares of Trade Desk from $80.00 to $54.00 and set a “buy” rating for the company in a report on Monday, November 10th. Needham & Company LLC decreased their target price on Trade Desk from $84.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Zacks Research upgraded Trade Desk from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Rosenblatt Securities reduced their price objective on Trade Desk from $78.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Morgan Stanley lowered their target price on Trade Desk from $50.00 to $42.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.76.

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.