The Trade Desk $TTD Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System raised its stake in The Trade Desk (NASDAQ:TTD) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 429,274 shares of the technology company’s stock after acquiring an additional 5,400 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Trade Desk were worth $30,903,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in Trade Desk in the first quarter valued at $26,000. Sound Income Strategies LLC increased its position in shares of 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 purchasing an additional 270 shares in the last quarter. West Oak Capital LLC lifted its holdings 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 purchasing an additional 350 shares during the last quarter. HighMark Wealth Management LLC boosted its position in shares of Trade Desk by 46.2% in the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock valued at $34,000 after purchasing an additional 151 shares during the period. Finally, Vermillion Wealth Management Inc. boosted its position 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 purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TTD shares. Bank of America reaffirmed an “underperform” rating and issued a $55.00 target price (down from $130.00) on shares of Trade Desk in a report on Friday, August 8th. BMO Capital Markets lowered their price objective on shares of Trade Desk from $115.00 to $98.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Jefferies Financial Group lowered shares of Trade Desk from a “buy” rating to a “hold” rating and dropped their price objective for the company from $100.00 to $50.00 in a research note on Monday, August 11th. Morgan Stanley downgraded shares of Trade Desk from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $80.00 to $50.00 in a research note on Wednesday, September 10th. Finally, Needham & Company LLC lowered their price target on Trade Desk from $84.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Twenty-one analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $77.19.

Trade Desk Stock Performance

Trade Desk stock opened at $39.59 on Friday. The Trade Desk has a fifty-two week low of $38.22 and a fifty-two week high of $141.53. The firm has a market capitalization of $19.14 billion, a price-to-earnings ratio of 45.50, a price-to-earnings-growth ratio of 1.96 and a beta of 1.43. The stock’s fifty day moving average is $47.38 and its two-hundred day moving average is $60.82.

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

Trade Desk announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

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