Dynamic Technology Lab Private Ltd Sells 15,531 Shares of LendingTree, Inc. (NASDAQ:TREE)

Dynamic Technology Lab Private Ltd lowered its stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 65.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 8,074 shares of the financial services provider's stock after selling 15,531 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.06% of LendingTree worth $469,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. CWM LLC raised its position in shares of LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider's stock valued at $25,000 after buying an additional 420 shares during the last quarter. nVerses Capital LLC raised its position in shares of LendingTree by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider's stock valued at $70,000 after buying an additional 800 shares during the last quarter. Quest Partners LLC acquired a new position in shares of LendingTree during the second quarter valued at about $132,000. Meeder Asset Management Inc. acquired a new position in shares of LendingTree during the second quarter valued at about $139,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of LendingTree during the third quarter valued at about $203,000. Institutional investors and hedge funds own 68.26% of the company's stock.

Insider Activity

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 23.40% of the stock is owned by insiders.

LendingTree Price Performance

LendingTree stock traded up $0.36 during trading hours on Friday, hitting $44.21. 137,503 shares of the stock were exchanged, compared to its average volume of 240,692. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $590.73 million, a P/E ratio of -16.37 and a beta of 2.11. LendingTree, Inc. has a 12 month low of $17.21 and a 12 month high of $62.49. The business's 50-day moving average is $52.34 and its two-hundred day moving average is $49.65.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Susquehanna increased their price target on shares of LendingTree from $50.00 to $58.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on shares of LendingTree from $71.00 to $73.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Oppenheimer increased their price target on shares of LendingTree from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Needham & Company LLC increased their price target on shares of LendingTree from $67.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, StockNews.com lowered shares of LendingTree from a "buy" rating to a "hold" rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $64.00.

About LendingTree

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.