Harvest Fund Management Co. Ltd Trims Position in The Trade Desk $TTD

Harvest Fund Management Co. Ltd decreased its position in shares of The Trade Desk (NASDAQ:TTD) by 39.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 41,317 shares of the technology company’s stock after selling 27,352 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Trade Desk were worth $1,568,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TTD. Elevation Wealth Partners LLC lifted its stake in shares of Trade Desk by 2,382.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after buying an additional 691 shares during the period. Albion Financial Group UT purchased a new position in shares of Trade Desk during the fourth quarter valued at approximately $30,000. CVA Family Office LLC lifted its stake in shares of Trade Desk by 62.1% during the fourth quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock valued at $34,000 after buying an additional 344 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Trade Desk during the fourth quarter valued at approximately $35,000. Finally, Binnacle Investments Inc purchased a new position in shares of Trade Desk during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Scotiabank set a $20.00 price objective on shares of Trade Desk in a research note on Monday, May 11th. Benchmark dropped their price target on shares of Trade Desk from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Rothschild & Co Redburn began coverage on shares of Trade Desk in a research report on Thursday, May 28th. They set a “sell” rating and a $11.00 price target for the company. Moffett Nathanson reaffirmed a “neutral” rating and set a $32.00 price target on shares of Trade Desk in a research report on Thursday, February 26th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $24.00 price target on shares of Trade Desk in a research report on Friday, May 8th. One 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $33.91.

Insiders Place Their Bets

In related news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the sale, the director directly owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.41% of the company’s stock.

Trade Desk Stock Down 5.1%

Trade Desk stock opened at $19.95 on Friday. The Trade Desk has a 52-week low of $19.74 and a 52-week high of $91.45. The firm has a fifty day moving average of $22.05 and a 200-day moving average of $29.00. The firm has a market capitalization of $9.38 billion, a P/E ratio of 22.67, a PEG ratio of 1.02 and a beta of 1.05.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data 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). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The business had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 million. During the same period in the previous year, the company earned $0.33 EPS. Trade Desk’s revenue was up 11.8% on a year-over-year basis. On average, research analysts expect that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk announced that its board has authorized a share buyback plan on Wednesday, February 25th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback plans are generally an indication 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.