New York State Teachers Retirement System Has $7.47 Million Holdings in The Trade Desk $TTD

New York State Teachers Retirement System boosted its position in shares of The Trade Desk (NASDAQ:TTD) by 11.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 329,028 shares of the technology company’s stock after purchasing an additional 35,121 shares during the period. New York State Teachers Retirement System owned about 0.07% of Trade Desk worth $7,466,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TTD. Nicholas Company Inc. lifted its stake in Trade Desk by 14.3% in the 4th quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock valued at $38,596,000 after acquiring an additional 127,049 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in Trade Desk by 272.9% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock worth $2,604,000 after acquiring an additional 50,209 shares during the last quarter. Jericho Capital Asset Management L.P. grew its stake in shares of Trade Desk by 86.3% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,067,000 shares of the technology company’s stock worth $199,324,000 after acquiring an additional 1,884,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Trade Desk by 235.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 588,250 shares of the technology company’s stock worth $22,330,000 after acquiring an additional 412,842 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Trade Desk by 21.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 308,982 shares of the technology company’s stock valued at $11,729,000 after purchasing an additional 54,037 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In other news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the transaction, the director directly owned 13,099 shares in the company, valued at approximately $276,912.86. The trade was a 80.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.41% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TTD shares. Oppenheimer lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Benchmark reaffirmed a “buy” rating on shares of Trade Desk in a research report on Tuesday, June 16th. Arete Research set a $11.60 price target on shares of Trade Desk and gave the company a “sell” rating in a research note on Tuesday, June 30th. Truist Financial set a $35.00 price target on shares of Trade Desk and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, KeyCorp downgraded shares of Trade Desk from an “overweight” rating to a “sector weight” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $33.52.

Trade Desk Stock Performance

NASDAQ:TTD traded up $0.01 during mid-day trading on Tuesday, hitting $19.32. The stock had a trading volume of 1,953,930 shares, compared to its average volume of 19,038,920. The Trade Desk has a twelve month low of $16.98 and a twelve month high of $91.45. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 0.92 and a beta of 1.04. The company’s 50 day simple moving average is $20.69 and its 200 day simple moving average is $25.94.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The business had revenue of $688.86 million for the quarter, compared to analyst estimates of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.Trade Desk’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. As a group, equities analysts forecast that The Trade Desk will post 1.17 earnings per share for the current year.

About Trade Desk

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.