Retirement Systems of Alabama Takes Position in The Trade Desk $TTD

Retirement Systems of Alabama acquired a new position in The Trade Desk (NASDAQ:TTD) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 912,019 shares of the technology company’s stock, valued at approximately $44,698,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Trade Desk by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock valued at $3,207,504,000 after buying an additional 317,107 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Trade Desk by 327.3% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,121,436 shares of the technology company’s stock worth $80,732,000 after acquiring an additional 858,978 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Trade Desk by 22.9% in the second quarter. Panagora Asset Management Inc. now owns 996,787 shares of the technology company’s stock valued at $71,759,000 after acquiring an additional 185,552 shares during the period. Schroder Investment Management Group raised its stake in shares of Trade Desk by 56.8% during the second quarter. Schroder Investment Management Group now owns 895,150 shares of the technology company’s stock valued at $64,442,000 after acquiring an additional 324,173 shares during the last quarter. Finally, Pointe Capital Management LLC bought a new position in shares of Trade Desk during the second quarter valued at about $8,246,000. Institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TTD shares. Citizens Jmp cut Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday. UBS Group reiterated a “buy” rating and issued a $50.00 price objective (down from $82.00) on shares of Trade Desk in a research report on Tuesday, January 20th. Wolfe Research reissued an “outperform” rating and set a $45.00 target price (down from $60.00) on shares of Trade Desk in a research note on Monday, January 5th. Morgan Stanley decreased their target price on Trade Desk from $50.00 to $42.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Finally, Citigroup cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk presently has an average rating of “Hold” and a consensus target price of $67.76.

Trade Desk Stock Down 0.7%

NASDAQ TTD opened at $36.55 on Monday. The firm has a market capitalization of $17.68 billion, a PE ratio of 42.01, a P/E/G ratio of 1.43 and a beta of 1.11. The stock’s 50 day moving average is $38.04 and its 200 day moving average is $50.81. The Trade Desk has a twelve month low of $34.00 and a twelve month high of $125.80.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The business had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 million. During the same quarter last year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has authorized a share buyback program on Thursday, November 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

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.