Kercheville Advisors LLC Purchases 4,400 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Kercheville Advisors LLC lifted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 66.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,060 shares of the technology company’s stock after buying an additional 4,400 shares during the period. Kercheville Advisors LLC’s holdings in Trade Desk were worth $1,213,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. J.W. Cole Advisors Inc. raised its position in shares of Trade Desk by 84.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 29,488 shares of the technology company’s stock valued at $3,233,000 after purchasing an additional 13,490 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Trade Desk during the 3rd quarter worth about $216,000. Bristlecone Advisors LLC increased its holdings in shares of Trade Desk by 1.1% in the third quarter. Bristlecone Advisors LLC now owns 18,866 shares of the technology company’s stock valued at $2,069,000 after purchasing an additional 197 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Trade Desk by 7.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 303,999 shares of the technology company’s stock worth $32,945,000 after purchasing an additional 21,731 shares during the last quarter. Finally, PFG Investments LLC boosted its position in Trade Desk by 39.0% in the third quarter. PFG Investments LLC now owns 3,241 shares of the technology company’s stock valued at $355,000 after buying an additional 910 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wolfe Research assumed coverage on Trade Desk in a report on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price target for the company. Citigroup increased their price target on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Bank of America assumed coverage on shares of Trade Desk in a research report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective for the company. Evercore ISI upgraded Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. Finally, KeyCorp boosted their target price on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.97.

Insider Buying and Selling

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, the director now owns 28,636 shares of the company’s stock, valued at $3,375,898.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Laura Schenkein sold 3,130 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.33, for a total value of $310,902.90. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at $68,930,351.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,557,897 shares of company stock valued at $170,121,565 in the last three months. 9.72% of the stock is owned by corporate insiders.

Trade Desk Trading Up 1.1 %

TTD stock opened at $119.47 on Monday. The business’s fifty day moving average price is $109.08 and its 200 day moving average price is $98.42. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $121.44. The company has a market capitalization of $58.73 billion, a PE ratio of 238.94, a P/E/G ratio of 5.75 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. During the same period in the prior year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. Research analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

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.