Oppenheimer Asset Management Inc. Has $4.99 Million Stock Holdings in The Trade Desk $TTD

Oppenheimer Asset Management Inc. trimmed its holdings in shares of The Trade Desk (NASDAQ:TTD) by 38.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,857 shares of the technology company’s stock after selling 63,465 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Trade Desk were worth $4,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares during the last quarter. Bison Wealth LLC grew its stake in shares of Trade Desk by 24.3% in the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after acquiring an additional 485 shares during the last quarter. Woodline Partners LP increased its position in Trade Desk by 75.5% during the first quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after acquiring an additional 2,269 shares during the period. Aberdeen Group plc raised its stake in Trade Desk by 16.0% during the 2nd quarter. Aberdeen Group plc now owns 75,211 shares of the technology company’s stock valued at $5,414,000 after purchasing an additional 10,377 shares during the last quarter. Finally, Johnson Investment Counsel Inc. bought a new stake in Trade Desk in the 2nd quarter valued at $231,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of TTD opened at $28.13 on Wednesday. The business’s fifty day moving average price is $35.60 and its two-hundred day moving average price is $46.47. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.06 and a beta of 1.10. The Trade Desk has a 52 week low of $26.01 and a 52 week high of $122.49.

Trade Desk declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Cantor Fitzgerald set a $43.00 price objective on shares of Trade Desk and gave the company a “neutral” rating in a research report on Thursday, January 8th. Truist Financial set a $60.00 target price on shares of Trade Desk and gave the company a “buy” rating in a research report on Monday, January 26th. Benchmark upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Friday, November 7th. DA Davidson lowered their price objective on Trade Desk from $80.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Finally, KeyCorp reissued an “overweight” rating and issued a $40.00 target price (down from $88.00) on shares of Trade Desk in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $63.91.

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.