Pacer Advisors Inc. Has $12.25 Million Stock Position in The Trade Desk $TTD

Pacer Advisors Inc. increased its position in The Trade Desk (NASDAQ:TTD) by 135.2% during the third quarter, Holdings Channel.com reports. The firm owned 249,970 shares of the technology company’s stock after buying an additional 143,677 shares during the quarter. Pacer Advisors Inc.’s holdings in Trade Desk were worth $12,251,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Trade Desk by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock valued at $3,207,504,000 after purchasing an additional 317,107 shares during the last quarter. Jennison Associates LLC lifted its stake in Trade Desk by 17.9% during the 2nd quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock valued at $1,027,114,000 after acquiring an additional 2,169,252 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Trade Desk by 52.1% in the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock worth $884,860,000 after acquiring an additional 4,218,975 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Trade Desk by 2.7% during the second quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock worth $599,212,000 after purchasing an additional 221,228 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Trade Desk by 22.4% during the 2nd quarter. Invesco Ltd. now owns 3,386,897 shares of the technology company’s stock worth $243,823,000 after buying an additional 618,787 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTD has been the subject of several research analyst reports. Jefferies Financial Group set a $40.00 target price on Trade Desk and gave the company a “hold” rating in a research report on Thursday, December 11th. Truist Financial cut their price target on Trade Desk from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Wall Street Zen upgraded shares of Trade Desk from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Citigroup reissued an “outperform” rating on shares of Trade Desk in a report on Tuesday, September 30th. Finally, Needham & Company LLC dropped their price objective 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $76.56.

Trade Desk Price Performance

TTD stock opened at $38.31 on Friday. The Trade Desk has a one year low of $35.65 and a one year high of $127.59. The stock has a market cap of $18.53 billion, a PE ratio of 44.03, a P/E/G ratio of 1.91 and a beta of 1.07. The firm has a 50 day simple moving average of $42.55 and a two-hundred day simple moving average of $55.69.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm had revenue of $739.43 million during the quarter, compared to analysts’ expectations of $719.11 million. During the same period in the prior year, the business earned $0.41 EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, research analysts expect that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

About Trade Desk

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.