Metis Global Partners LLC Has $518,000 Holdings in The Trade Desk $TTD

Metis Global Partners LLC trimmed its holdings in shares of The Trade Desk (NASDAQ:TTD) by 26.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,199 shares of the technology company’s stock after selling 2,640 shares during the quarter. Metis Global Partners LLC’s holdings in Trade Desk were worth $518,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TTD. Banque Cantonale Vaudoise acquired a new stake in shares of Trade Desk in the first quarter worth about $26,000. Sound Income Strategies LLC raised its stake in shares of Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after acquiring an additional 270 shares in the last quarter. West Oak Capital LLC raised its stake in shares of Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock valued at $31,000 after acquiring an additional 350 shares in the last quarter. HighMark Wealth Management LLC lifted its holdings in Trade Desk by 46.2% in the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after purchasing an additional 151 shares during the last quarter. Finally, Vermillion Wealth Management Inc. lifted its holdings in Trade Desk by 400.0% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock worth $36,000 after purchasing an additional 400 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Price Performance

NASDAQ:TTD opened at $43.79 on Thursday. The Trade Desk has a one year low of $41.77 and a one year high of $141.53. The company has a fifty day moving average price of $49.17 and a 200 day moving average price of $62.54. The stock has a market cap of $21.41 billion, a P/E ratio of 50.33, a PEG ratio of 2.31 and a beta of 1.43.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The company had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. During the same period last year, the business posted $0.41 EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis. Trade Desk has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

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

Insiders Place Their Bets

In related news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, the director directly owned 5,035 shares of the company’s stock, valued at $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on TTD. Guggenheim set a $55.00 price target on Trade Desk and gave the company a “buy” rating in a report on Monday, September 29th. UBS Group reaffirmed a “buy” rating and set a $82.00 price objective (up from $80.00) on shares of Trade Desk in a report on Friday, November 7th. Zacks Research lowered shares of Trade Desk from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Jefferies Financial Group downgraded shares of Trade Desk from a “buy” rating to a “hold” rating and dropped their target price for the stock from $100.00 to $50.00 in a report on Monday, August 11th. Finally, HSBC reissued a “hold” rating and set a $56.00 target price on shares of Trade Desk in a research report on Monday, August 11th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $78.33.

About Trade Desk

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.