Blue Grotto Capital LLC Has $11.69 Million Holdings in LendingTree, Inc. (NASDAQ:TREE)

Blue Grotto Capital LLC lifted its stake in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 301,784 shares of the financial services provider's stock after acquiring an additional 11,784 shares during the period. LendingTree makes up 2.1% of Blue Grotto Capital LLC's portfolio, making the stock its 20th largest holding. Blue Grotto Capital LLC owned approximately 2.26% of LendingTree worth $11,694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI acquired a new position in LendingTree in the 3rd quarter valued at approximately $32,000. Point72 DIFC Ltd lifted its position in LendingTree by 77.0% in the third 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 during the period. Wealthfront Advisers LLC bought a new position in LendingTree in the fourth quarter worth $54,000. KLP Kapitalforvaltning AS acquired a new stake in LendingTree during the fourth quarter worth $70,000. Finally, Asset Management One Co. Ltd. increased its holdings in LendingTree by 101.5% in the 4th 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. Institutional investors own 68.26% of the company's stock.

LendingTree Price Performance

TREE stock traded down $1.45 during midday trading on Friday, reaching $51.41. 215,000 shares of the company's stock traded hands, compared to its average volume of 234,634. The company has a 50-day simple moving average of $45.69 and a two-hundred day simple moving average of $47.12. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree, Inc. has a 1-year low of $33.58 and a 1-year high of $62.49. The company has a market cap of $688.59 million, a price-to-earnings ratio of -19.04 and a beta of 2.14.

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Insider Buying and Selling at LendingTree

In related news, COO Scott Peyree purchased 21,045 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $41.69 per share, with a total value of $877,366.05. Following the completion of the purchase, the chief operating officer now directly owns 76,760 shares of the company's stock, valued at $3,200,124.40. This trade represents a 37.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of LendingTree from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th. Needham & Company LLC decreased their price objective on LendingTree from $78.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Stephens reissued an "overweight" rating and issued a $69.00 target price on shares of LendingTree in a report on Thursday, March 6th. JPMorgan Chase & Co. raised their target price on LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. Finally, Keefe, Bruyette & Woods lowered their price target on LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $65.75.

LendingTree Profile

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.