Western Wealth Management LLC Makes New Investment in The Trade Desk $TTD

Western Wealth Management LLC bought a new position in The Trade Desk (NASDAQ:TTD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,517 shares of the technology company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Trade Desk by 52.1% during the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after purchasing an additional 4,218,975 shares in the last quarter. Nuveen LLC purchased a new stake in Trade Desk in the 1st quarter valued at about $191,935,000. Jennison Associates LLC lifted its position in shares of Trade Desk by 17.9% during the 2nd quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock worth $1,027,114,000 after buying an additional 2,169,252 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Trade Desk by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock worth $2,420,689,000 after buying an additional 1,567,491 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Trade Desk by 255.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company’s stock valued at $96,132,000 after acquiring an additional 1,262,492 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling 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 completion of the sale, the director 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Susquehanna decreased their price target on Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, November 7th. Morgan Stanley lowered Trade Desk from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $80.00 to $50.00 in a research report on Wednesday, September 10th. Needham & Company LLC lowered their target price on Trade Desk from $84.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Truist Financial cut their price target on shares of Trade Desk from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Finally, UBS Group restated a “buy” rating and set a $82.00 price objective (up previously from $80.00) on shares of Trade Desk in a report on Friday, November 7th. Twenty-one investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $78.33.

Trade Desk Price Performance

Shares of TTD opened at $40.19 on Thursday. The Trade Desk has a 1-year low of $39.69 and a 1-year high of $141.53. The company has a market capitalization of $19.44 billion, a P/E ratio of 46.20, a P/E/G ratio of 2.01 and a beta of 1.43. The firm’s 50 day simple moving average is $48.19 and its 200 day simple moving average is $62.09.

Trade Desk (NASDAQ:TTD) last issued its 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 return on equity of 16.00% and a net margin of 15.72%.The business had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Trade Desk’s revenue for the quarter was up 17.7% on a year-over-year basis. Trade Desk has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk declared that its Board of Directors has initiated a stock buyback program on Thursday, November 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

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.