EFG Asset Management North America Corp. Increases Stock Holdings in The Trade Desk $TTD

EFG Asset Management North America Corp. raised its stake in shares of The Trade Desk (NASDAQ:TTD) by 6.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 42,694 shares of the technology company’s stock after purchasing an additional 2,493 shares during the period. EFG Asset Management North America Corp.’s holdings in Trade Desk were worth $3,073,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in TTD. Brown Advisory Inc. lifted its stake in shares of Trade Desk by 198.4% during the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock worth $443,358,000 after purchasing an additional 5,387,339 shares during the last quarter. Nuveen LLC purchased a new position in Trade Desk during the 1st quarter worth approximately $191,935,000. Jennison Associates LLC lifted its position in Trade Desk by 17.9% during the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock valued at $1,027,114,000 after purchasing an additional 2,169,252 shares during the period. Vanguard Group Inc. raised its position in Trade Desk by 3.7% during the first quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock valued at $2,420,689,000 after acquiring an additional 1,567,491 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Trade Desk by 255.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company’s stock valued at $96,132,000 after acquiring an additional 1,262,492 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insider Activity

In other news, insider Jay R. Grant sold 51,290 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 218,246 shares of the company’s stock, valued at $19,899,670.28. This trade represents a 19.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrea Lee Cunningham sold 1,403 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the transaction, the director directly owned 5,035 shares of the company’s stock, valued at $242,687. The trade was a 21.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 10.00% of the company’s stock.

Trade Desk Stock Down 3.8%

NASDAQ TTD opened at $47.24 on Wednesday. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The business’s 50-day moving average price is $50.32 and its 200 day moving average price is $62.88. The firm has a market cap of $23.10 billion, a P/E ratio of 56.92, a P/E/G ratio of 2.62 and a beta of 1.43.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data 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 firm had revenue of $694.04 million during the quarter, compared to analysts’ expectations of $686.00 million. During the same quarter last year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTD has been the subject of several analyst reports. Citigroup reiterated an “outperform” rating on shares of Trade Desk in a research note on Tuesday, September 30th. Bank of America reissued an “underperform” rating and set a $55.00 price target (down previously from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Rosenblatt Securities reaffirmed a “buy” rating on shares of Trade Desk in a research note on Friday, August 8th. BTIG Research downgraded shares of Trade Desk from a “buy” rating to a “neutral” rating in a research note on Friday, August 8th. Finally, Stifel Nicolaus cut their target price on shares of Trade Desk from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Twenty investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $84.48.

Trade Desk Profile

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.