Kieckhefer Group LLC Acquires Shares of 10,525 The Trade Desk, Inc. (NASDAQ:TTD)

Kieckhefer Group LLC acquired a new stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,525 shares of the technology company's stock, valued at approximately $1,237,000. Trade Desk comprises about 0.7% of Kieckhefer Group LLC's portfolio, making the stock its 18th biggest holding.

Several other institutional investors have also added to or reduced their stakes in TTD. Ithaka Group LLC increased its holdings in shares of Trade Desk by 4.5% during the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company's stock worth $12,378,000 after buying an additional 4,836 shares in the last quarter. Venture Visionary Partners LLC increased its holdings in Trade Desk by 33.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company's stock worth $1,898,000 after purchasing an additional 4,296 shares in the last quarter. Nordea Investment Management AB raised its position in Trade Desk by 36.2% in the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company's stock valued at $159,132,000 after purchasing an additional 358,350 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company's stock valued at $8,066,000 after purchasing an additional 70,687 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company's stock worth $144,892,000 after purchasing an additional 4,500 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares of the company's stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the company's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares of the company's stock, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,086 shares of company stock valued at $4,654,466 in the last 90 days. Corporate insiders own 9.72% of the company's stock.

Trade Desk Stock Performance

NASDAQ TTD traded down $0.91 on Monday, hitting $117.89. The stock had a trading volume of 2,706,956 shares, compared to its average volume of 3,026,420. The company has a market capitalization of $58.19 billion, a price-to-earnings ratio of 193.26, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $141.53. The firm has a 50-day moving average of $126.72 and a 200-day moving average of $112.13.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Trade Desk from a "buy" rating to a "hold" rating in a report on Saturday, November 30th. UBS Group upped 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. Robert W. Baird raised their price objective on Trade Desk from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Benchmark reiterated a "sell" rating and issued a $57.00 target price on shares of Trade Desk in a report on Friday, November 8th. Finally, Truist Financial raised their price target on shares of Trade Desk from $135.00 to $155.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $130.76.

Trade Desk Profile

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.