Barclays PLC Boosts Stock Holdings in LendingTree, Inc. (NASDAQ:TREE)

Barclays PLC lifted its holdings in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 301.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,409 shares of the financial services provider's stock after buying an additional 16,077 shares during the quarter. Barclays PLC owned approximately 0.16% of LendingTree worth $1,244,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lisanti Capital Growth LLC purchased a new stake in LendingTree during the 3rd quarter worth approximately $3,651,000. GSA Capital Partners LLP acquired a new stake in shares of LendingTree in the third quarter worth approximately $1,612,000. Polar Asset Management Partners Inc. purchased a new stake in shares of LendingTree during the third quarter worth approximately $1,045,000. Charles Schwab Investment Management Inc. raised its stake in LendingTree by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 88,206 shares of the financial services provider's stock valued at $5,119,000 after purchasing an additional 2,602 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in LendingTree in the 3rd quarter valued at $516,000. Hedge funds and other institutional investors own 68.26% of the company's stock.

LendingTree Trading Down 0.5 %

LendingTree stock traded down $0.20 during mid-day trading on Tuesday, hitting $36.56. The company's stock had a trading volume of 129,543 shares, compared to its average volume of 187,105. The stock's fifty day moving average is $42.02 and its two-hundred day moving average is $48.91. 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 firm has a market capitalization of $488.51 million, a PE ratio of -13.54 and a beta of 2.06. LendingTree, Inc. has a 1 year low of $24.55 and a 1 year high of $62.49.

Analysts Set New Price Targets

A number of brokerages have recently commented on TREE. Needham & Company LLC increased their target price on shares of LendingTree from $67.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods increased their price objective on shares of LendingTree from $71.00 to $73.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Susquehanna raised their target price on shares of LendingTree from $50.00 to $58.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Oppenheimer upped their price target on LendingTree from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, StockNews.com downgraded LendingTree from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $64.00.

Insider Buying and Selling at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree stock in a transaction on Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas R. Lebda bought 13,000 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were purchased at an average cost of $39.72 per share, for a total transaction of $516,360.00. Following the purchase, the chief executive officer now owns 121,599 shares in the company, valued at $4,829,912.28. This represents a 11.97 % increase in their position. The disclosure for this purchase can be found here. 23.40% of the stock is currently owned by corporate insiders.

About LendingTree

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.