Charles Schwab Investment Management Inc. increased its holdings in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,483 shares of the financial services provider's stock after buying an additional 5,277 shares during the period. Charles Schwab Investment Management Inc. owned 0.70% of LendingTree worth $3,622,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. National Bank of Canada FI acquired a new position in LendingTree in the 3rd quarter valued at $32,000. Point72 DIFC Ltd increased its position in shares of 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. Asset Management One Co. Ltd. raised its stake in LendingTree by 101.5% in 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 purchasing an additional 1,021 shares in the last quarter. New York State Common Retirement Fund lifted its position in LendingTree by 75.0% during the fourth quarter. New York State Common Retirement Fund now owns 4,707 shares of the financial services provider's stock worth $182,000 after purchasing an additional 2,017 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in LendingTree during the third quarter worth about $208,000. 68.26% of the stock is currently owned by institutional investors.
Insider Activity
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 acquired at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the acquisition, the chief operating officer now directly owns 97,566 shares in the company, valued at approximately $4,500,719.58. This represents a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 23.40% of the company's stock.
LendingTree Trading Down 2.7 %
Shares of TREE stock traded down $1.45 during mid-day trading on Friday, reaching $51.41. 215,000 shares of the stock traded hands, compared to its average volume of 234,634. The company has a market cap of $688.59 million, a price-to-earnings ratio of -19.04 and a beta of 2.14. 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 stock's fifty day simple moving average is $45.69 and its two-hundred day simple moving average is $47.08. LendingTree, Inc. has a 1-year low of $33.58 and a 1-year high of $62.49.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Needham & Company LLC cut their price target on shares of LendingTree from $78.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Northland Capmk upgraded LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price target on LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. Stephens restated an "overweight" rating and set a $69.00 price objective on shares of LendingTree in a research report on Thursday, March 6th. Finally, StockNews.com raised LendingTree from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, LendingTree has a consensus rating of "Buy" and an average target price of $65.75.
Read Our Latest Stock Analysis on TREE
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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