Laurel Wealth Advisors LLC Buys 21,297 Shares of The Trade Desk $TTD

Laurel Wealth Advisors LLC lifted its stake in shares of The Trade Desk (NASDAQ:TTD) by 7,099.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,597 shares of the technology company’s stock after acquiring an additional 21,297 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Trade Desk were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC raised its stake in Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after buying an additional 270 shares during the last quarter. West Oak Capital LLC boosted its position in shares of Trade Desk by 466.7% during the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock valued at $31,000 after purchasing an additional 350 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Trade Desk in the first quarter worth approximately $26,000. HighMark Wealth Management LLC boosted its holdings in shares of Trade Desk by 46.2% during the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after buying an additional 151 shares in the last quarter. Finally, Vermillion Wealth Management Inc. increased its stake in shares of Trade Desk by 400.0% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on TTD shares. Hsbc Global Res downgraded Trade Desk from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Benchmark upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, November 7th. Morgan Stanley downgraded Trade Desk from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $80.00 to $50.00 in a research note on Wednesday, September 10th. Jefferies Financial Group cut Trade Desk from a “buy” rating to a “hold” rating and cut their target price for the company from $100.00 to $50.00 in a research report on Monday, August 11th. Finally, Susquehanna reduced their target price on shares of Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and an average price target of $77.19.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $39.11 on Friday. The firm has a market cap of $18.91 billion, a PE ratio of 44.95, a P/E/G ratio of 1.94 and a beta of 1.43. The Trade Desk has a 1 year low of $38.22 and a 1 year high of $141.53. The stock has a fifty day moving average price of $47.48 and a 200-day moving average price of $61.22.

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

Trade Desk announced that its board has initiated 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 purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the sale, the director owned 5,035 shares of the company’s stock, valued at approximately $242,687. The trade was a 21.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by insiders.

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.