LendingTree, Inc. (NASDAQ:TREE) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 199.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,035 shares of the financial services provider's stock after acquiring an additional 33,309 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.37% of LendingTree worth $1,939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. National Bank of Canada FI purchased a new stake in shares of LendingTree during the third quarter worth about $32,000. Wealthfront Advisers LLC purchased a new stake in shares of LendingTree during the fourth quarter worth about $54,000. Point72 DIFC Ltd grew its holdings in shares of LendingTree by 77.0% during the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider's stock worth $67,000 after buying an additional 499 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of 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 worth $80,000 after buying an additional 1,021 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of 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 buying an additional 2,017 shares in the last quarter. Institutional investors and hedge funds own 68.26% of the company's stock.

Remove Ads

LendingTree Trading Up 0.6 %

TREE traded up $0.29 during trading on Friday, hitting $51.68. 219,793 shares of the company's stock were exchanged, compared to its average volume of 230,804. The company has a current ratio of 0.92, a quick 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 stock has a 50 day moving average price of $44.15 and a 200 day moving average price of $47.15. The firm has a market cap of $692.20 million, a P/E ratio of -19.14 and a beta of 2.14.

Insiders Place Their Bets

In other LendingTree news, COO Scott Peyree acquired 21,045 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $41.69 per share, for a total transaction of $877,366.05. Following the completion of the purchase, the chief operating officer now directly owns 76,760 shares in the company, valued at $3,200,124.40. This represents a 37.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TREE shares. StockNews.com upgraded shares of LendingTree from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Needham & Company LLC lowered 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 Securities upgraded shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price target for the company in a report on Tuesday, January 21st. Northland Capmk upgraded shares of LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lowered their target price on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, LendingTree presently has an average rating of "Buy" and an average 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.