MGO One Seven LLC Decreases Stake in The Trade Desk $TTD

MGO One Seven LLC reduced its holdings in The Trade Desk (NASDAQ:TTD) by 4.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,389 shares of the technology company’s stock after selling 374 shares during the period. MGO One Seven LLC’s holdings in Trade Desk were worth $532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LaFleur & Godfrey LLC purchased a new position in shares of Trade Desk in the second quarter worth about $5,029,000. Congress Park Capital LLC lifted its stake in shares of Trade Desk by 13.2% in the second quarter. Congress Park Capital LLC now owns 53,781 shares of the technology company’s stock worth $3,872,000 after buying an additional 6,257 shares in the last quarter. Swedbank AB lifted its stake in shares of Trade Desk by 32.2% in the second quarter. Swedbank AB now owns 552,260 shares of the technology company’s stock worth $39,757,000 after buying an additional 134,620 shares in the last quarter. First Bank & Trust lifted its stake in shares of Trade Desk by 137.6% in the second quarter. First Bank & Trust now owns 23,166 shares of the technology company’s stock worth $1,668,000 after buying an additional 13,418 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Trade Desk in the second quarter worth about $845,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Price Performance

Shares of TTD opened at $49.98 on Friday. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The stock has a market cap of $24.44 billion, a PE ratio of 60.22, a P/E/G ratio of 2.67 and a beta of 1.38. The firm has a 50-day simple moving average of $50.65 and a two-hundred day simple moving average of $62.45.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. Trade Desk’s revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TTD shares. BTIG Research downgraded shares of Trade Desk from a “buy” rating to a “neutral” rating in a research note on Friday, August 8th. Citigroup reaffirmed an “outperform” rating on shares of Trade Desk in a research note on Tuesday, September 30th. HSBC reaffirmed a “hold” rating and set a $56.00 target price on shares of Trade Desk in a research note on Monday, August 11th. Piper Sandler reduced their target price on shares of Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 target price on shares of Trade Desk in a research note on Monday, September 8th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.48.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the sale, the director directly owned 5,035 shares in the company, valued at $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is owned by company insiders.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.