PKO Investment Management Joint Stock Co Makes New Investment in The Trade Desk $TTD

PKO Investment Management Joint Stock Co acquired a new position in shares of The Trade Desk (NASDAQ:TTD) in the third quarter, HoldingsChannel reports. The institutional investor acquired 35,000 shares of the technology company’s stock, valued at approximately $1,715,000.

A number of other large investors also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC increased its position in Trade Desk by 163.2% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after buying an additional 310 shares during the period. Sound Income Strategies LLC boosted its holdings in Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after purchasing an additional 270 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of Trade Desk during the second quarter worth approximately $28,000. Transce3nd LLC bought a new position in shares of Trade Desk during the second quarter worth approximately $28,000. Finally, First Horizon Corp bought a new stake in shares of Trade Desk in the third quarter valued at approximately $29,000. Institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TTD shares. Jefferies Financial Group set a $40.00 price objective on Trade Desk and gave the company a “hold” rating in a report on Thursday, December 11th. Benchmark raised shares of Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Friday, November 7th. Wall Street Zen raised shares of Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Citigroup reissued an “outperform” rating on shares of Trade Desk in a research note on Tuesday, September 30th. Finally, Wolfe Research restated an “outperform” rating and set a $45.00 target price (down from $60.00) on shares of Trade Desk in a research note on Monday, January 5th. Twenty-one research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.84.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $36.90 on Tuesday. The company’s 50 day moving average price is $39.55 and its two-hundred day moving average price is $53.18. The firm has a market capitalization of $17.84 billion, a P/E ratio of 42.41, a P/E/G ratio of 1.46 and a beta of 1.11. The Trade Desk has a fifty-two week low of $35.65 and a fifty-two week high of $126.20.

Trade Desk (NASDAQ:TTD) last announced its quarterly 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. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The company 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 company earned $0.41 EPS. Trade Desk’s revenue was up 17.7% compared to the same quarter last year. On average, analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk declared that its board has initiated a stock buyback plan on Thursday, November 6th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.