Arrowstreet Capital Limited Partnership acquired a new stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,375 shares of the financial services provider's stock, valued at approximately $518,000. Arrowstreet Capital Limited Partnership owned approximately 0.10% of LendingTree at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI purchased a new stake in shares of LendingTree in the 3rd quarter valued at approximately $32,000. New Age Alpha Advisors LLC acquired a new stake in shares of LendingTree in the fourth quarter worth $36,000. Wealthfront Advisers LLC purchased a new position in shares of LendingTree during the fourth quarter valued at $54,000. KLP Kapitalforvaltning AS acquired a new position in LendingTree during the fourth quarter valued at $70,000. Finally, Asset Management One Co. Ltd. raised its position in LendingTree by 101.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider's stock valued at $80,000 after buying an additional 1,021 shares during the period. 68.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at LendingTree
In other news, COO Scott Peyree bought 9,794 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the acquisition, the chief operating officer now directly owns 97,566 shares of the company's stock, valued at $4,500,719.58. The trade was a 11.16 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 23.40% of the stock is owned by corporate insiders.
LendingTree Stock Performance
LendingTree stock traded up $2.14 during trading hours on Tuesday, reaching $45.15. 189,867 shares of the company were exchanged, compared to its average volume of 237,761. LendingTree, Inc. has a 12 month low of $33.58 and a 12 month high of $62.49. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a 50-day moving average of $45.95 and a 200 day moving average of $46.07. The firm has a market cap of $604.74 million, a price-to-earnings ratio of -16.72 and a beta of 1.90.
Analyst Upgrades and Downgrades
TREE has been the topic of several research analyst reports. StockNews.com cut LendingTree from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 8th. Northland Capmk raised shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their price objective on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Needham & Company LLC decreased their target price on shares of LendingTree from $78.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $65.75.
View Our Latest Analysis on LendingTree
About LendingTree
(
Free Report)
LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.
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