Primecap Management Co. CA Acquires 306,330 Shares of The Trade Desk $TTD

Primecap Management Co. CA grew its holdings in The Trade Desk (NASDAQ:TTD) by 120.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 561,255 shares of the technology company’s stock after purchasing an additional 306,330 shares during the quarter. Primecap Management Co. CA owned approximately 0.11% of Trade Desk worth $27,507,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. STF Management LP increased its holdings in Trade Desk by 2.1% during the second quarter. STF Management LP now owns 6,627 shares of the technology company’s stock valued at $477,000 after buying an additional 136 shares during the period. Brighton Jones LLC boosted its position in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Trade Desk by 0.7% in the 2nd quarter. M&T Bank Corp now owns 27,607 shares of the technology company’s stock valued at $1,987,000 after acquiring an additional 194 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Trade Desk by 52.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 586 shares of the technology company’s stock valued at $42,000 after acquiring an additional 201 shares during the period. Finally, AE Wealth Management LLC raised its position in shares of Trade Desk by 5.4% in the 2nd quarter. AE Wealth Management LLC now owns 4,553 shares of the technology company’s stock worth $328,000 after acquiring an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Down 0.5%

NASDAQ:TTD opened at $23.82 on Friday. The Trade Desk has a twelve month low of $21.08 and a twelve month high of $91.45. The company has a market cap of $11.52 billion, a PE ratio of 26.47, a P/E/G ratio of 0.94 and a beta of 1.10. The company’s 50 day moving average is $32.27 and its two-hundred day moving average is $41.89.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. The business had revenue of $846.79 million during the quarter, compared to the consensus estimate of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.60%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. As a group, analysts expect that The Trade Desk will post 1.06 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on Trade Desk from $42.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $22.00 price objective on shares of Trade Desk in a research report on Thursday. New Street Research lowered shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price objective for the company. in a research note on Thursday. Wolfe Research restated an “outperform” rating and issued a $45.00 target price (down from $60.00) on shares of Trade Desk in a research note on Monday, January 5th. Finally, BMO Capital Markets cut their price target on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $44.70.

Trade Desk News Summary

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Board authorized a $350 million share repurchase (about 2.9% of shares), signaling management thinks the stock is undervalued. MarketBeat Buyback Report
• Positive Sentiment: Q4 beat: revenue of ~$847M and EPS in line with consensus; core ad businesses (CTV/video) remain large and audio is cited as an emerging growth driver. Proactive Investors Q4 Coverage
• Positive Sentiment: Product roadmap/Kokai platform rollout noted as a potential catalyst that could restore growth and justify valuation after the pullback. Yahoo Valuation/Kokai Article
• Neutral Sentiment: Unusually large options volume — indicates elevated trading/speculation and hedging activity around the stock but not directional confirmation. American Banking News Options Note
• Negative Sentiment: Softer Q1 guidance: management guided Q1 revenue growth below Street expectations (roughly +10% vs. ~12% consensus) and flagged a ~500bps year‑over‑year margin headwind, which spooked investors. Yahoo: Jefferies Reaction & Guidance Note
• Negative Sentiment: Profitability outlook hit: management’s adjusted EBITDA guidance implies a material near‑term cut (one article notes adjusted EBITDA could be halved), increasing short‑term earnings uncertainty. Fool: EBITDA/Guidance Coverage
• Negative Sentiment: Broad analyst repricing: multiple firms cut price targets and ratings after the guidance (examples include Jefferies, Loop, New Street and others), reflecting increased skepticism about near‑term growth and competitive pressure. TipRanks: Analyst Reactions
• Negative Sentiment: Market share and secular worries: coverage highlights slowing growth, competition (notably Amazon), and investor reassessment of the “independent objective ad‑tech” thesis, pressuring multiples. Fool: Competitive/Thesis Coverage

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.