Johnson Financial Group Inc. Cuts Stock Position in The Trade Desk $TTD

Johnson Financial Group Inc. lessened its stake in shares of The Trade Desk (NASDAQ:TTD) by 71.3% in the second quarter, Holdings Channel reports. The institutional investor owned 680 shares of the technology company’s stock after selling 1,689 shares during the period. Johnson Financial Group Inc.’s holdings in Trade Desk were worth $49,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TTD. Brighton Jones LLC raised its position in shares of Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares during the last quarter. Bison Wealth LLC increased its stake in Trade Desk by 24.3% during the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after purchasing an additional 485 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Trade Desk in the first quarter worth about $26,000. Arkadios Wealth Advisors lifted its stake in shares of Trade Desk by 55.6% in the first quarter. Arkadios Wealth Advisors now owns 5,879 shares of the technology company’s stock worth $322,000 after buying an additional 2,101 shares in the last quarter. Finally, NorthRock Partners LLC grew its holdings in shares of Trade Desk by 7.6% during the first quarter. NorthRock Partners LLC now owns 4,224 shares of the technology company’s stock valued at $231,000 after buying an additional 297 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Trading Up 1.2%

TTD opened at $39.59 on Friday. The company’s 50 day moving average is $47.38 and its 200 day moving average is $60.82. The company has a market cap of $19.14 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 1.96 and a beta of 1.43. The Trade Desk has a 12-month low of $38.22 and a 12-month high of $141.53.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $739.43 million during the quarter, compared to analysts’ expectations 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 was up 17.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. Trade Desk has set its Q4 2025 guidance at EPS. As a group, analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TTD. Royal Bank Of Canada set a $80.00 price objective on shares of Trade Desk and gave the stock an “outperform” rating in a report on Friday, November 7th. Wells Fargo & Company decreased their price target on Trade Desk from $53.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Scotiabank lowered their price target on Trade Desk from $83.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, August 8th. Guggenheim set a $55.00 price objective on Trade Desk and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, Zacks Research raised Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $77.19.

Insider Activity at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 5,035 shares of the company’s stock, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.00% of the stock is owned by company insiders.

Trade Desk Company 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.