21/02/2024 09:33

The Trade Desk (TTD US) $US82.56

The advertising technology company reported strong Q4 earnings at the end of last week, and the stock rallied ~17% on the result, although it pulled back ~7% overnight. This often plays out with TTD and other stocks that have a high degree of stock-based compensation for employees, the window to sell stock opens after they report results.

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31/01/2024 17:46

International Equities Portfolio – Amendments

We are reducing market exposure in the International Equities Portfolio

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15/11/2023 09:14

Trade Desk Inc (TTD US) $US67.53

 A very volatile week for a traditionally very volatile stock. The advertising technology company with a market capitalisation of $US33bn last week reported a 25% year-over-year revenue increase to $493m in Q3, putting them on a YTD run rate of $US1.34bn, up 23% YoY. Despite these very strong earnings numbers, which were ahead of expectations, shares fell ~16% after the result

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06/10/2023 09:26

Trade Desk Inc (TTD US) $US78.16

Adverting technology stock TTD has been consolidating its 2023 gains over the last few months, and we believe it's now poised to make another assault on the $US100 area.

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10/08/2023 09:12

Trade Desk Inc (TTD US) $US80.93

Revenue was up 23% to $US464m and earnings increased 40% for the quarter, with EPS of 28cps ahead of the streets 26cps expectation - clearly a great outcome given the complexities in the macro environment that impact advertising.

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12/05/2023 09:16

The Trade Desk TTD (TTD US) US$64.53

Advertising technology business, The Trade Desk (TTD US), which has been a core holding in our International Equities Portfolio since mid-2020, reported quarterly results that were inline with expectations overnight.

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28/02/2023 15:58

International Equities Portfolio – Amendment

We are making a number of changes to the International Equities Portfolio today

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16/02/2023 09:20

The Trade Desk (TTD US) $US66.30

Rallied 32.8% overnight following strong Q4 results that showed TTD was growing while their competitors (Google) were not, further validating the advertising technology companies’ platform.

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09/02/2023 09:10

The Trade Desk (TTD) $US51.77

This has been a position in our International Equities Portfolio since early 2020, and while we’ve traded some along the way, we still retain a 4% portfolio weighting that is currently showing a paper profit of over ~40%. Overnight I listened to a great podcast with the founder Jeff Green that gives insight into the company, the advertising market more generally (very important to understand) and his philosophies around alignment with his customer – a view that MM shares. The podcast is well worth a listen for anyone with an interest in TTD or online advertising more generally and highlights some of the reasons why we have liked the company for so long – and remain bullish. Listen to the podcast here

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16/11/2022 09:31

The Trade Desk (TTD US) $US53.56

The advertising technology company reported quarterly earnings last week that defied some of the doom and gloom that we have seen elsewhere in digital advertising. While this is a volatile/high beta stock and shares have lived up to that reputation post results, the core metrics we like to track for TTD US continue to show a business moving in the right direction.

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