Lyell Wealth Management LP Reduces Stock Holdings in The Trade Desk $TTD

Lyell Wealth Management LP decreased its holdings in The Trade Desk (NASDAQ:TTD) by 48.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,000 shares of the technology company’s stock after selling 37,522 shares during the quarter. Lyell Wealth Management LP’s holdings in Trade Desk were worth $1,518,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ARK Investment Management LLC lifted its stake in Trade Desk by 26.9% in the fourth quarter. ARK Investment Management LLC now owns 2,927,539 shares of the technology company’s stock worth $111,129,000 after acquiring an additional 620,848 shares during the period. Picton Mahoney Asset Management purchased a new stake in Trade Desk in the fourth quarter worth $977,000. Primecap Management Co. CA lifted its stake in Trade Desk by 61.9% in the fourth quarter. Primecap Management Co. CA now owns 908,605 shares of the technology company’s stock worth $34,491,000 after acquiring an additional 347,350 shares during the period. Empowered Funds LLC lifted its stake in Trade Desk by 25.0% in the fourth quarter. Empowered Funds LLC now owns 28,490 shares of the technology company’s stock worth $1,081,000 after acquiring an additional 5,690 shares during the period. Finally, Inceptionr LLC lifted its stake in Trade Desk by 178.0% in the fourth quarter. Inceptionr LLC now owns 24,081 shares of the technology company’s stock worth $914,000 after acquiring an additional 15,418 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Down 2.0%

Shares of Trade Desk stock opened at $18.90 on Friday. The firm has a market capitalization of $8.89 billion, a P/E ratio of 21.48, a P/E/G ratio of 0.93 and a beta of 1.05. The business has a fifty day simple moving average of $21.85 and a two-hundred day simple moving average of $28.35. The Trade Desk has a 12 month low of $18.37 and a 12 month high of $91.45.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). The firm had revenue of $688.86 million for the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. Analysts predict that The Trade Desk will post 1.17 earnings per share for the current year.

Trade Desk declared that its board has initiated a stock repurchase program on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of research analyst reports. Moffett Nathanson reaffirmed a “neutral” rating and issued a $32.00 price target on shares of Trade Desk in a research note on Thursday, February 26th. Piper Sandler reaffirmed a “neutral” rating and issued a $24.00 price target on shares of Trade Desk in a research note on Friday, May 8th. UBS Group set a $31.00 price target on Trade Desk and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Rothschild & Co Redburn began coverage on Trade Desk in a research report on Thursday, May 28th. They set a “sell” rating and a $11.00 price objective for the company. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $22.00 price objective on shares of Trade Desk in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, Trade Desk has a consensus rating of “Hold” and an average target price of $33.91.

Insider Activity

In other news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the transaction, the director owned 13,099 shares of the company’s stock, valued at $276,912.86. The trade was a 80.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.41% of the stock is currently owned by corporate insiders.

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.