Voya Investment Management LLC Has $13.86 Million Stake in The Trade Desk $TTD

Voya Investment Management LLC lessened its holdings in shares of The Trade Desk (NASDAQ:TTD) by 87.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 282,695 shares of the technology company’s stock after selling 1,987,367 shares during the period. Voya Investment Management LLC owned about 0.06% of Trade Desk worth $13,855,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TTD. Geode Capital Management LLC grew its position in 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 worth $884,860,000 after buying an additional 4,218,975 shares in the last quarter. Norges Bank bought a new position in shares of Trade Desk in the second quarter worth $197,362,000. Viking Global Investors LP acquired a new position in Trade Desk in the second quarter valued at about $192,524,000. Jennison Associates LLC lifted its position in Trade Desk by 17.9% during the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock worth $1,027,114,000 after purchasing an additional 2,169,252 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in Trade Desk by 255.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company’s stock worth $96,132,000 after buying an additional 1,262,492 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Trading Up 0.1%

NASDAQ:TTD opened at $37.29 on Tuesday. The stock’s 50-day moving average is $43.55 and its 200-day moving average is $56.53. The Trade Desk has a 1-year low of $35.65 and a 1-year high of $127.59. The stock has a market cap of $18.03 billion, a P/E ratio of 42.86, a price-to-earnings-growth ratio of 1.86 and a beta of 1.07.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping 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 net margin of 15.72% and a return on equity of 16.00%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. As a group, equities analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its board has approved a share buyback program on Thursday, November 6th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TTD shares. Needham & Company LLC reduced their price target on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Susquehanna decreased their price target on Trade Desk from $135.00 to $85.00 and set a “positive” rating on the stock in a research note on Friday, November 7th. Guggenheim set a $55.00 price target on Trade Desk and gave the stock a “buy” rating in a report on Monday, September 29th. Wells Fargo & Company dropped their price objective on Trade Desk from $53.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Finally, Wall Street Zen upgraded Trade Desk from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Twenty-one analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.56.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.