Mitsubishi UFJ Trust & Banking Corp Sells 219,190 Shares of The Trade Desk $TTD

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of The Trade Desk (NASDAQ:TTD) by 22.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 753,604 shares of the technology company’s stock after selling 219,190 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Trade Desk were worth $36,934,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TTD. Family Legacy Financial Solutions LLC raised its position in shares of Trade Desk by 163.2% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after buying an additional 310 shares in the last quarter. Sound Income Strategies LLC increased its stake in Trade Desk by 317.6% in the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after acquiring an additional 270 shares during the last quarter. Versant Capital Management Inc raised its position in Trade Desk by 175.8% during the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after purchasing an additional 334 shares in the last quarter. Root Financial Partners LLC acquired a new position in Trade Desk during the third quarter valued at approximately $26,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Trade Desk during the second quarter worth $28,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTD has been the topic of several recent analyst reports. JMP Securities set a $60.00 price target on Trade Desk and gave the company a “market outperform” rating in a research note on Tuesday, September 30th. Wedbush decreased their target price on Trade Desk from $50.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, December 8th. Morgan Stanley dropped their target price on shares of Trade Desk from $50.00 to $42.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Exane BNP Paribas upgraded shares of Trade Desk to a “hold” rating in a research note on Wednesday, January 14th. Finally, Stifel Nicolaus set a $74.00 price objective on shares of Trade Desk and gave the stock a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $67.76.

Trade Desk Price Performance

Trade Desk stock opened at $36.55 on Monday. The business has a 50 day moving average of $38.04 and a 200-day moving average of $50.81. The company has a market capitalization of $17.68 billion, a P/E ratio of 42.01, a P/E/G ratio of 1.43 and a beta of 1.11. The Trade Desk has a 1 year low of $34.00 and a 1 year high of $125.80.

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. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The firm had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. During the same period in the previous year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Equities analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its Board of Directors has approved a stock buyback program on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Trade Desk 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.