DNB Asset Management AS Raises Holdings in The Trade Desk $TTD

DNB Asset Management AS boosted its stake in The Trade Desk (NASDAQ:TTD) by 210.0% during the third quarter, Holdings Channel.com reports. The firm owned 252,463 shares of the technology company’s stock after buying an additional 171,011 shares during the period. DNB Asset Management AS’s holdings in Trade Desk were worth $12,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTD. Vanguard Group Inc. grew its holdings in shares of Trade Desk by 27.7% in the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after purchasing an additional 12,321,000 shares during the last quarter. Geode Capital Management LLC grew its holdings in Trade Desk by 52.1% in the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock worth $884,860,000 after acquiring an additional 4,218,975 shares during the last quarter. Norges Bank purchased a new position in shares of Trade Desk in the second quarter valued at about $197,362,000. Viking Global Investors LP purchased a new position in shares of Trade Desk in the second quarter valued at about $192,524,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Trade Desk during the second quarter valued at about $68,641,000. Institutional investors own 67.77% of the company’s stock.

Key Trade Desk News

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Board authorized a $350 million share repurchase (about 2.9% of shares), signaling management thinks the stock is undervalued. MarketBeat Buyback Report
• Positive Sentiment: Q4 beat: revenue of ~$847M and EPS in line with consensus; core ad businesses (CTV/video) remain large and audio is cited as an emerging growth driver. Proactive Investors Q4 Coverage
• Positive Sentiment: Product roadmap/Kokai platform rollout noted as a potential catalyst that could restore growth and justify valuation after the pullback. Yahoo Valuation/Kokai Article
• Neutral Sentiment: Unusually large options volume — indicates elevated trading/speculation and hedging activity around the stock but not directional confirmation. American Banking News Options Note
• Negative Sentiment: Softer Q1 guidance: management guided Q1 revenue growth below Street expectations (roughly +10% vs. ~12% consensus) and flagged a ~500bps year‑over‑year margin headwind, which spooked investors. Yahoo: Jefferies Reaction & Guidance Note
• Negative Sentiment: Profitability outlook hit: management’s adjusted EBITDA guidance implies a material near‑term cut (one article notes adjusted EBITDA could be halved), increasing short‑term earnings uncertainty. Fool: EBITDA/Guidance Coverage
• Negative Sentiment: Broad analyst repricing: multiple firms cut price targets and ratings after the guidance (examples include Jefferies, Loop, New Street and others), reflecting increased skepticism about near‑term growth and competitive pressure. TipRanks: Analyst Reactions
• Negative Sentiment: Market share and secular worries: coverage highlights slowing growth, competition (notably Amazon), and investor reassessment of the “independent objective ad‑tech” thesis, pressuring multiples. Fool: Competitive/Thesis Coverage

Wall Street Analyst Weigh In

TTD has been the topic of several recent analyst reports. New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 target price on the stock. in a research note on Thursday. Citizens Jmp lowered Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, January 23rd. Needham & Company LLC decreased their target price on Trade Desk from $60.00 to $32.00 and set a “buy” rating for the company in a report on Thursday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $22.00 price target on shares of Trade Desk in a research note on Thursday. Finally, Loop Capital cut shares of Trade Desk from a “buy” rating to a “hold” rating and cut their price target for the company from $75.00 to $25.00 in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $44.70.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $23.82 on Friday. The Trade Desk has a 1 year low of $21.08 and a 1 year high of $91.45. The company has a 50-day moving average of $32.27 and a 200 day moving average of $41.81. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 0.93 and a beta of 1.10.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. The firm had revenue of $846.79 million during the quarter, compared to analyst estimates of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.60%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $0.59 earnings per share. On average, equities analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 6th that permits the company to repurchase $500.00 million in 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 typically a sign that the company’s board believes its shares are undervalued.

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.