Dynamic Technology Lab Private Ltd lifted its position in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 79.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,482 shares of the financial services provider's stock after acquiring an additional 6,408 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.11% of LendingTree worth $561,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its holdings in shares of 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 worth $80,000 after purchasing an additional 1,021 shares in the last quarter. Versor Investments LP purchased a new stake in shares of LendingTree during the fourth quarter valued at $298,000. Proficio Capital Partners LLC bought a new stake in LendingTree in the 4th quarter worth about $899,000. Charles Schwab Investment Management Inc. raised its position in LendingTree by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 93,483 shares of the financial services provider's stock worth $3,622,000 after buying an additional 5,277 shares during the last quarter. Finally, Barclays PLC lifted its stake in LendingTree by 301.5% during the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider's stock valued at $1,244,000 after acquiring an additional 16,077 shares during the period. 68.26% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, COO Scott Peyree acquired 9,794 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $46.13 per share, for a total transaction of $451,797.22. Following the transaction, the chief operating officer now directly owns 97,566 shares of the company's stock, valued at approximately $4,500,719.58. This trade represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 23.40% of the company's stock.
LendingTree Stock Performance
NASDAQ:TREE traded down $1.27 during mid-day trading on Friday, hitting $41.02. 277,335 shares of the company traded hands, compared to its average volume of 238,198. 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 moving average price is $45.98 and its 200-day moving average price is $46.16. The firm has a market cap of $549.42 million, a price-to-earnings ratio of -15.19 and a beta of 1.90. LendingTree, Inc. has a one year low of $33.58 and a one year high of $62.49.
Analyst Ratings Changes
TREE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Needham & Company LLC cut their target price on shares of LendingTree from $78.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Stephens reissued an "overweight" rating and set a $69.00 price target on shares of LendingTree in a report on Thursday, March 6th. JPMorgan Chase & Co. lifted their price objective on LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, March 6th. Finally, StockNews.com cut LendingTree from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 8th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $65.75.
Read Our Latest Stock Analysis on LendingTree
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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