Cullen Capital Management LLC Has $1.05 Million Stock Position in LendingTree, Inc. (NASDAQ:TREE)

Cullen Capital Management LLC decreased its stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 31.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,113 shares of the financial services provider's stock after selling 12,645 shares during the period. Cullen Capital Management LLC owned 0.20% of LendingTree worth $1,051,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in shares of LendingTree during the third quarter valued at about $32,000. New Age Alpha Advisors LLC purchased a new stake in LendingTree during the 4th quarter worth approximately $36,000. Wealthfront Advisers LLC purchased a new position in shares of LendingTree during the 4th quarter valued at approximately $54,000. Point72 DIFC Ltd increased its position in shares of LendingTree by 77.0% in 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 during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in LendingTree in the fourth quarter worth about $70,000. Hedge funds and other institutional investors own 68.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TREE. Keefe, Bruyette & Woods decreased their target price on LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. StockNews.com downgraded LendingTree from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Northland Capmk raised shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Stephens reissued an "overweight" rating and set a $69.00 target price on shares of LendingTree in a research note on Thursday, March 6th. Finally, Northland Securities upgraded shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price target on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $65.75.

Remove Ads

Insiders Place Their Bets

In other news, COO Scott Peyree acquired 9,794 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the acquisition, the chief operating officer now owns 97,566 shares in the company, valued at approximately $4,500,719.58. The trade was a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 23.40% of the company's stock.

LendingTree Stock Down 6.0 %

Shares of LendingTree stock traded down $2.52 during midday trading on Friday, hitting $39.77. The company's stock had a trading volume of 67,252 shares, compared to its average volume of 236,518. The firm has a market capitalization of $532.68 million, a P/E ratio of -14.79 and a beta of 1.90. LendingTree, Inc. has a 1-year low of $33.58 and a 1-year high of $62.49. 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 has a 50-day simple moving average of $46.06 and a 200-day simple moving average of $46.34.

LendingTree Company 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.