Kornitzer Capital Management reduced its TTD stake by 20.2% after Q2 earnings exceeded estimates.

Kornitzer Capital Management cut its stake in The Trade Desk, Inc. (TTD) by 20.2%, now holding 118,078 shares after selling 29,850. Other hedge funds adjusted their positions, with notable increases from Kestra and Los Angeles Capital. TTD reported Q2 earnings of $0.39 per share and revenue of $584.55 million, exceeding estimates. Analysts generally favor TTD, with a consensus rating of "Moderate Buy" and a price target averaging $108.85.

September 05, 2024
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