Barclays PLC increased its position in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 301.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 about 0.16% of LendingTree worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TREE. National Bank of Canada FI acquired a new stake in LendingTree during the third quarter worth about $32,000. Point72 DIFC Ltd increased its position in LendingTree by 77.0% during the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider's stock worth $67,000 after purchasing an additional 499 shares in the last quarter. nVerses Capital LLC raised its holdings in LendingTree by 200.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider's stock valued at $70,000 after buying an additional 800 shares during the period. CWM LLC raised its holdings in LendingTree by 262.1% in the third quarter. CWM LLC now owns 2,180 shares of the financial services provider's stock valued at $127,000 after buying an additional 1,578 shares during the period. Finally, Quest Partners LLC purchased a new stake in LendingTree during the second quarter worth approximately $132,000. Institutional investors and hedge funds own 68.26% of the company's stock.
LendingTree Stock Down 1.2 %
Shares of TREE traded down $0.49 during trading on Monday, reaching $38.76. The company's stock had a trading volume of 169,508 shares, compared to its average volume of 251,420. The company has a market cap of $517.91 million, a price-to-earnings ratio of -14.36 and a beta of 2.03. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The company has a fifty day moving average of $44.84 and a two-hundred day moving average of $49.07. LendingTree, Inc. has a twelve month low of $24.55 and a twelve month high of $62.49.
Insider Activity at LendingTree
In related news, CTO Scott V. Totman bought 3,750 shares of the company's stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $38.59 per share, with a total value of $144,712.50. Following the transaction, the chief technology officer now owns 18,192 shares of the company's stock, valued at approximately $702,029.28. This trade represents a 25.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages have recently commented on TREE. Susquehanna raised their target price on shares of LendingTree from $50.00 to $58.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Truist Financial raised their price objective on LendingTree from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods upped their target price on LendingTree from $71.00 to $73.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Needham & Company LLC raised their target price on LendingTree from $67.00 to $78.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Oppenheimer upped their price target on LendingTree from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.00.
Check Out Our Latest Stock Report on TREE
LendingTree Company Profile
(
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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