Rosenblatt Initiates Coverage of Trade Desk with Buy Rating

Fintel reports that on April 29, 2025, Rosenblatt initiated coverage of Trade Desk (BIT:1TTD) with a Buy recommendation.

Fund Sentiment Overview

Currently, there are 1,854 funds or institutions reporting positions in Trade Desk. This marks an increase of 100 owners, or 5.70%, in the last quarter. The average portfolio weight of all funds dedicated to 1TTD is 0.43%, a notable rise of 103.32%. Additionally, total shares owned by institutions increased by 6.11% over the last three months, now totaling 434,380K shares.

Shareholder Activity

Baillie Gifford holds 35,179K shares, which represents 7.85% ownership of Trade Desk. In its previous filing, the firm reported ownership of 38,716K shares, indicating a decrease of 10.05%. However, its portfolio allocation in 1TTD increased by 0.01% during the last quarter.

Jpmorgan Chase maintains 17,715K shares, accounting for 3.95% ownership. In its prior filing, the firm disclosed 16,797K shares, reflecting a 5.18% increase. Jpmorgan also raised its portfolio allocation in 1TTD by 10.77% over the last quarter.

Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 14,092K shares, representing 3.14% ownership. The previous filing showed ownership of 14,192K shares, which indicates a decrease of 0.71%. Nevertheless, Vanguard increased its portfolio allocation by 4.88% in the last quarter.

Jennison Associates owns 13,883K shares, or 3.10% of the company. Previously, it reported ownership of 20,321K shares, highlighting a significant decrease of 46.37%. The portfolio allocation in 1TTD declined by 28.37% in the last quarter.

T. Rowe Price Investment Management has 13,812K shares, comprising 3.08% ownership. Its earlier filing noted 14,399K shares, reflecting a decrease of 4.25%. The firm increased its portfolio allocation in 1TTD by 5.17% over the last quarter.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.