Kirtland Hills Capital Management LLC Increases Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Kirtland Hills Capital Management LLC grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 6.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 10,439 shares of the technology company’s stock after purchasing an additional 619 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Trade Desk were worth $1,145,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TTD. Acadian Asset Management LLC increased its position in shares of Trade Desk by 99.4% in the 1st quarter. Acadian Asset Management LLC now owns 11,022 shares of the technology company’s stock valued at $962,000 after purchasing an additional 5,495 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Trade Desk by 19.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 32,095 shares of the technology company’s stock valued at $2,806,000 after purchasing an additional 5,325 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Trade Desk by 13.8% during the 1st quarter. Clearbridge Investments LLC now owns 455,948 shares of the technology company’s stock worth $39,859,000 after buying an additional 55,154 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in Trade Desk by 96.9% in the first quarter. UniSuper Management Pty Ltd now owns 6,300 shares of the technology company’s stock valued at $551,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Trade Desk by 1,073.6% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,028 shares of the technology company’s stock worth $265,000 after purchasing an additional 2,770 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Robert W. Baird upped their target price on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wedbush upped their price target on shares of Trade Desk from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Citigroup lifted their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Royal Bank of Canada increased their target price on shares of Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, UBS Group boosted their price target on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.65.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $119.42 on Wednesday. The firm’s 50-day moving average is $116.00 and its two-hundred day moving average is $103.17. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $132.65. The company has a market capitalization of $58.94 billion, a PE ratio of 195.77, a price-to-earnings-growth ratio of 5.35 and a beta of 1.47.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. This trade represents a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,548,289 shares of company stock worth $169,165,185. 9.72% of the stock is owned by insiders.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.