CI Investments Inc. Has $9.96 Million Stock Position in The Trade Desk $TTD

CI Investments Inc. trimmed its stake in The Trade Desk (NASDAQ:TTD) by 26.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 203,278 shares of the technology company’s stock after selling 74,299 shares during the period. CI Investments Inc.’s holdings in Trade Desk were worth $9,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of TTD. Family Legacy Financial Solutions LLC increased its holdings in Trade Desk by 163.2% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after buying an additional 310 shares during the period. Versant Capital Management Inc raised its stake in shares of Trade Desk by 175.8% in the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after acquiring an additional 334 shares during the last quarter. Root Financial Partners LLC acquired a new position in Trade Desk in the third quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Trade Desk during the 2nd quarter worth about $28,000. Finally, Transce3nd LLC bought a new stake in shares of Trade Desk during the second quarter valued at approximately $28,000. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Price Performance

TTD stock opened at $25.00 on Wednesday. The stock has a market capitalization of $12.09 billion, a P/E ratio of 27.78, a P/E/G ratio of 0.98 and a beta of 1.13. The Trade Desk has a fifty-two week low of $21.08 and a fifty-two week high of $91.45. The business has a 50-day moving average of $31.77 and a 200-day moving average of $41.34.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.The firm had revenue of $846.79 million for the quarter, compared to analysts’ expectations of $840.56 million. During the same quarter in the previous year, the business posted $0.59 EPS. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities analysts expect that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk announced that its Board of Directors has approved a stock repurchase program on Thursday, November 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

TTD has been the topic of several recent research reports. Wedbush reiterated a “neutral” rating and issued a $23.00 price target (down from $40.00) on shares of Trade Desk in a report on Tuesday, February 24th. BMO Capital Markets decreased their price target on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Stifel Nicolaus lowered their price target on Trade Desk from $74.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Zacks Research upgraded Trade Desk from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Morgan Stanley decreased their price objective on Trade Desk from $42.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. One research 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 given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.45.

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.