Healthcare of Ontario Pension Plan Trust Fund Reduces Holdings in The Trade Desk $TTD

Healthcare of Ontario Pension Plan Trust Fund reduced its position in shares of The Trade Desk (NASDAQ:TTD) by 97.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,665 shares of the technology company’s stock after selling 889,135 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Trade Desk were worth $628,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Trade Desk by 3.8% during the fourth 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. Bison Wealth LLC grew its stake in Trade Desk by 24.3% during the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after purchasing an additional 485 shares in the last quarter. Woodline Partners LP increased its holdings in Trade Desk by 75.5% during the 1st quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after purchasing an additional 2,269 shares during the last quarter. Cerity Partners LLC increased its holdings in Trade Desk by 46.6% during the 2nd quarter. Cerity Partners LLC now owns 59,785 shares of the technology company’s stock worth $4,304,000 after purchasing an additional 19,015 shares during the last quarter. Finally, AXA S.A. raised its position in shares of Trade Desk by 14.7% in the 2nd quarter. AXA S.A. now owns 42,819 shares of the technology company’s stock valued at $3,083,000 after purchasing an additional 5,487 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $18.04 on Monday. The business’s 50 day simple moving average is $19.25 and its 200-day simple moving average is $23.36. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 0.87 and a beta of 1.04. The Trade Desk has a twelve month low of $16.70 and a twelve month high of $91.45.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TTD. Piper Sandler reissued a “neutral” rating and set a $24.00 price target on shares of Trade Desk in a research report on Friday, May 8th. Royal Bank Of Canada set a $33.00 price target on shares of Trade Desk and gave the company an “outperform” rating in a report on Friday, May 8th. Rothschild & Co Redburn assumed coverage on shares of Trade Desk in a research note on Thursday, May 28th. They set a “sell” rating and a $11.00 price objective on the stock. DA Davidson set a $29.00 price objective on shares of Trade Desk and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, William Blair downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.43.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 13,099 shares in the company, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 11.41% of the company’s stock.

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.