Wed Sep 11 09:43:02 UTC 2024: ## Candriam S.C.A. Increases Stake in The Trade Desk

**New York, NY** – **September 11th, 2024** – Candriam S.C.A., a prominent investment firm, has boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD), a leading technology company in the digital advertising space. According to HoldingsChannel, Candriam S.C.A. acquired an additional 1,165 shares of TTD during the second quarter, increasing its stake by 5.3%. This brings their total ownership to 22,983 shares, valued at $2,245,000 at the end of the quarter.

This move follows a trend of increased institutional interest in The Trade Desk. Several other major investors also adjusted their positions in TTD during the second quarter, including:

* **Private Advisor Group LLC** increased its stake by 39.6%, now holding 32,862 shares valued at $3,210,000.
* **Victory Capital Management Inc.** expanded its holdings by 12.3%, now owning 1,629,478 shares worth $159,151,000.
* **SouthState Corp** acquired a new position in TTD worth approximately $254,000.
* **Mayflower Financial Advisors LLC** lifted its stake by 3.2%, now holding 4,187 shares valued at $409,000.
* **TD Asset Management Inc** grew its stake by 10.7%, now owning 1,592,578 shares worth $155,547,000.

These investments highlight the confidence that institutional investors have in The Trade Desk’s future prospects. Currently, 67.77% of TTD stock is held by hedge funds and other institutional investors.

**Analyst Opinions Remain Positive**

Multiple research firms have recently weighed in on The Trade Desk, offering mixed perspectives. While Benchmark downgraded TTD to “sell” and StockNews.com downgraded it to “hold”, other analysts remain bullish. Macquarie reiterated an “outperform” rating with a price target of $115.00, and Citigroup raised their price target to $115.00 while maintaining a “buy” rating. Oppenheimer lifted their price target to $120.00 and gave the stock an “outperform” rating.

Overall, analysts remain optimistic about The Trade Desk, with a consensus rating of “Moderate Buy” and an average price target of $108.85, according to MarketBeat.

**Recent Earnings and Insider Activity**

The Trade Desk reported strong second-quarter earnings on August 8th, exceeding analysts’ expectations with $0.39 earnings per share and $584.55 million in revenue. This positive performance further solidifies the company’s position as a leading player in the digital advertising market.

However, recent insider activity raises some questions. CEO Jeffrey Terry Green sold 283,429 shares of TTD stock on August 26th for a total of $29,533,301.80. While this sale might suggest a lack of confidence in the company, it’s crucial to consider other factors, such as potential tax obligations or personal financial needs.

In conclusion, The Trade Desk continues to attract significant institutional investment, with positive sentiment from analysts and a strong track record of financial performance. However, recent insider selling activity deserves further investigation to understand its implications. Investors will be closely watching the company’s future developments for further insights.

Read More