Morgan Stanley Amends Trade Desk Stake, Remains Passive Investor
Ticker: TTD · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: TTD
TL;DR
**Morgan Stanley still holds Trade Desk stock, but it's a passive stake.**
AI Summary
Morgan Stanley, a major financial institution, filed an amended SC 13G/A on February 9, 2024, indicating its ownership of Class A Common Stock in The Trade Desk, Inc. as of December 31, 2023. This filing, an amendment number 2, updates their previous disclosures regarding their passive investment in the ad-tech company. This matters to investors because it shows a significant institutional holder's continued, albeit passive, interest in The Trade Desk, which can influence market perception and stability.
Why It Matters
This filing confirms Morgan Stanley's ongoing, passive investment in The Trade Desk, signaling continued institutional confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a passive institutional investor and does not indicate any immediate change in strategy or significant risk.
Analyst Insight
A smart investor would note Morgan Stanley's continued passive stake as a sign of institutional presence but understand it doesn't signal any immediate strategic moves or changes in investment thesis for The Trade Desk.
Key Players & Entities
- Morgan Stanley (company) — the filer, a security broker and dealer
- Trade Desk, Inc. (company) — the subject company, a computer programming and data processing service
- December 31, 2023 (date) — the date of the event requiring the filing
- February 9, 2024 (date) — the filing date of the SC 13G/A amendment
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 2, as stated in the filing.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is Morgan Stanley, as indicated in the 'FILED BY' section and the 'COMPANY CONFORMED NAME: MORGAN STANLEY'.
What company's stock is the subject of this filing?
The subject company is Trade Desk, Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Trade Desk, Inc.' and 'Name of Issuer: Trade Desk, Inc.'.
What is the specific class of securities reported in this filing?
The specific class of securities reported is 'Class A Common Stock' of Trade Desk, Inc., as detailed under 'Title of Class of Securities'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
From the Filing
EDGAR Filing Documents for 0000895421-24-000142 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000895421-24-000142 Filing Date 2024-02-09 Accepted 2024-02-09 12:30:48 Documents 1 Document Format Files Seq Description Document Type Size 1 MS AMENDMENT TradeDeskIncTTD.txt SC 13G/A 16089 Complete submission text file 0000895421-24-000142.txt 17908 Mailing Address 1585 BROADWAY NEW YORK NY 10036 Business Address 1585 BROADWAY NEW YORK NY 10036 212-761-4000 MORGAN STANLEY (Filed by) CIK : 0000895421 (see all company filings) EIN. : 363145972 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 42 N. CHESTNUT STREET VENTURA CA 93001 Business Address 42 N. CHESTNUT STREET VENTURA CA 93001 (805) 585-3434 Trade Desk, Inc. (Subject) CIK : 0001671933 (see all company filings) EIN. : 271887399 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-89645 | Film No.: 24613523 SIC : 7370 Services-Computer Programming, Data Processing, Etc. (CF Office: 06 Technology)