State of New Jersey Common Pension Fund D Has $11.13 Million Holdings in The Trade Desk $TTD

State of New Jersey Common Pension Fund D lessened its stake in shares of The Trade Desk (NASDAQ:TTD) by 1.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 154,582 shares of the technology company’s stock after selling 1,642 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Trade Desk were worth $11,128,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Trade Desk by 0.4% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,007,334 shares of the technology company’s stock worth $144,508,000 after acquiring an additional 7,150 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Trade Desk by 0.3% during the 2nd quarter. Asset Management One Co. Ltd. now owns 272,030 shares of the technology company’s stock valued at $19,583,000 after purchasing an additional 806 shares during the period. CAP Partners LLC boosted its stake in Trade Desk by 43.5% during the 2nd quarter. CAP Partners LLC now owns 7,797 shares of the technology company’s stock valued at $561,000 after purchasing an additional 2,365 shares during the period. Gallagher Capital Advisors LLC boosted its stake in Trade Desk by 4.7% during the 2nd quarter. Gallagher Capital Advisors LLC now owns 9,678 shares of the technology company’s stock valued at $697,000 after purchasing an additional 432 shares during the period. Finally, KPP Advisory Services LLC bought a new stake in Trade Desk during the 2nd quarter valued at approximately $252,000. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling

In other news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value 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 approximately $19,899,670.28. This represents a 19.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 5,035 shares of the company’s stock, valued at approximately $242,687. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the subject of several recent analyst reports. Bank of America restated an “underperform” rating and set a $55.00 target price (down previously from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. Jefferies Financial Group downgraded Trade Desk from a “buy” rating to a “hold” rating and decreased their target price for the company from $100.00 to $50.00 in a research note on Monday, August 11th. Hsbc Global Res downgraded Trade Desk from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. HSBC reiterated a “hold” rating and issued a $56.00 price objective on shares of Trade Desk in a research report on Monday, August 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Trade Desk in a research report on Friday. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $84.48.

Trade Desk Trading Down 3.9%

Shares of TTD stock opened at $52.00 on Friday. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The stock has a 50 day moving average of $50.71 and a two-hundred day moving average of $62.73. The company has a market capitalization of $25.42 billion, a P/E ratio of 62.65, a P/E/G ratio of 2.78 and a beta of 1.38.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The company had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. During the same period in the previous year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. Sell-side analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

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.