Deutsche Bank AG Boosts Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Market Beat
2025.05.11 10:02
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Deutsche Bank AG increased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 24.4% in Q4, owning 1,142,127 shares valued at $134.23 million. Other institutional investors also raised their positions. TTD shares opened at $71.04, with a 52-week range of $42.96 to $141.53. The company reported Q1 earnings of $0.33 EPS, exceeding estimates, and announced a $564 million share buyback plan. Analysts have mixed ratings, with a consensus of "Moderate Buy" and target prices ranging from $63 to $160.

Deutsche Bank AG raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 24.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,142,127 shares of the technology company's stock after acquiring an additional 224,304 shares during the quarter. Deutsche Bank AG owned 0.23% of Trade Desk worth $134,234,000 as of its most recent filing with the SEC.

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Several other institutional investors also recently made changes to their positions in TTD. Lyell Wealth Management LP grew its holdings in Trade Desk by 24.3% in the fourth quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company's stock valued at $11,558,000 after purchasing an additional 19,204 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Trade Desk by 276.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 70,237 shares of the technology company's stock valued at $8,255,000 after acquiring an additional 51,603 shares in the last quarter. Moody National Bank Trust Division acquired a new position in Trade Desk during the fourth quarter worth about $985,000. Yousif Capital Management LLC lifted its holdings in shares of Trade Desk by 5.4% in the fourth quarter. Yousif Capital Management LLC now owns 5,856 shares of the technology company's stock valued at $688,000 after purchasing an additional 300 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Trade Desk by 46.3% in the fourth quarter. Allworth Financial LP now owns 5,470 shares of the technology company's stock valued at $660,000 after purchasing an additional 1,732 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Up 18.6 %

Shares of TTD opened at $71.04 on Friday. The Trade Desk, Inc. has a 52-week low of $42.96 and a 52-week high of $141.53. The firm has a market cap of $35.24 billion, a price-to-earnings ratio of 91.08, a PEG ratio of 3.11 and a beta of 1.29. The business's 50 day moving average is $54.62 and its two-hundred day moving average is $95.16.

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Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. The business had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The company's revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 EPS. On average, equities analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

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TTD has been the topic of a number of analyst reports. Citigroup increased their target price on Trade Desk from $63.00 to $82.00 and gave the company a "buy" rating in a report on Friday. JMP Securities dropped their price objective on Trade Desk from $115.00 to $100.00 and set a "market outperform" rating for the company in a research report on Friday. BMO Capital Markets reduced their target price on shares of Trade Desk from $160.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. KeyCorp boosted their price objective on shares of Trade Desk from $67.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Royal Bank of Canada decreased their target price on shares of Trade Desk from $100.00 to $85.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, Trade Desk presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.88.

Check Out Our Latest Stock Report on TTD

Trade Desk Company Profile

(Free Report)

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.

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