Pictet Asset Management Holding SA Increases Stock Position in The Trade Desk $TTD

Pictet Asset Management Holding SA lifted its position in shares of The Trade Desk (NASDAQ:TTD) by 29.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 371,985 shares of the technology company’s stock after purchasing an additional 84,252 shares during the period. Pictet Asset Management Holding SA owned 0.08% of Trade Desk worth $8,437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TTD. Elevation Wealth Partners LLC grew its position in Trade Desk by 2,382.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after purchasing an additional 691 shares in the last quarter. Albion Financial Group UT bought a new position in shares of Trade Desk during the 4th quarter worth approximately $30,000. CVA Family Office LLC lifted its position in shares of Trade Desk by 62.1% during the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after buying an additional 344 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Trade Desk in the 4th quarter worth approximately $35,000. Finally, Binnacle Investments Inc purchased a new position in shares of Trade Desk in the 3rd quarter worth approximately $37,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TTD shares. Needham & Company LLC reduced their target price on Trade Desk from $32.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 8th. Citigroup reiterated a “neutral” rating on shares of Trade Desk in a report on Friday, May 8th. DA Davidson set a $29.00 price objective on Trade Desk and gave the stock a “buy” rating in a research report on Monday, May 11th. Scotiabank set a $20.00 target price on Trade Desk in a research report on Monday, May 11th. Finally, Truist Financial set a $35.00 target price on Trade Desk and gave the stock a “buy” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $33.52.

Insiders Place Their Bets

In other news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the sale, the director directly owned 13,099 shares in the company, valued at $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 11.41% of the stock is owned by insiders.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $19.10 on Friday. The stock has a market cap of $8.98 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04. The Trade Desk has a fifty-two week low of $16.98 and a fifty-two week high of $91.45. The stock has a fifty day moving average of $20.76 and a 200-day moving average of $26.13.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The company had revenue of $688.86 million for the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. On average, sell-side analysts predict that The Trade Desk will post 1.17 EPS for the current year.

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.