Jacobson & Schmitt Advisors LLC Grows Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Jacobson & Schmitt Advisors LLC increased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,406 shares of the technology company’s stock after buying an additional 4,051 shares during the quarter. Trade Desk comprises approximately 3.1% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 10th largest holding. Jacobson & Schmitt Advisors LLC’s holdings in Trade Desk were worth $15,067,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of Trade Desk by 2.7% in the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after acquiring an additional 97 shares during the last quarter. Apella Capital LLC raised its position in Trade Desk by 1.9% in the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after purchasing an additional 100 shares during the period. HM Payson & Co. lifted its stake in Trade Desk by 1.0% in the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock worth $1,083,000 after purchasing an additional 102 shares during the last quarter. Wealth Alliance boosted its position in shares of Trade Desk by 0.6% during the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after buying an additional 106 shares during the period. Finally, Parisi Gray Wealth Management grew its stake in shares of Trade Desk by 2.6% during the third quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock valued at $486,000 after buying an additional 111 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Trade Desk stock opened at $120.21 on Friday. The stock has a 50-day moving average of $110.15 and a two-hundred day moving average of $99.05. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $123.85. The stock has a market cap of $59.09 billion, a PE ratio of 240.42, a price-to-earnings-growth ratio of 5.86 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. During the same period last year, the business posted $0.07 earnings per share. The firm’s revenue was up 25.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the completion of the sale, the insider now directly owns 99,374 shares in the company, valued at approximately $9,887,713. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now directly owns 99,374 shares of the company’s stock, valued at approximately $9,887,713. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,557,897 shares of company stock worth $170,121,565. 9.72% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. Wolfe Research began coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They set an “outperform” rating and a $115.00 target price for the company. Morgan Stanley raised their price target on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Macquarie lifted their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 11th. Finally, New Street Research lowered shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 target price on the stock. in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $115.60.

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.