25,510 Shares in LendingTree, Inc. (NASDAQ:TREE) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new stake in LendingTree, Inc. (NASDAQ:TREE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,510 shares of the financial services provider's stock, valued at approximately $989,000. ExodusPoint Capital Management LP owned approximately 0.19% of LendingTree as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in TREE. Charles Schwab Investment Management Inc. increased its position in LendingTree by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 88,206 shares of the financial services provider's stock valued at $5,119,000 after acquiring an additional 2,602 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in LendingTree in the 3rd quarter worth approximately $223,000. BNP Paribas Financial Markets lifted its holdings in LendingTree by 113.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,366 shares of the financial services provider's stock worth $892,000 after buying an additional 8,175 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in LendingTree in the 3rd quarter valued at $516,000. Finally, Verition Fund Management LLC acquired a new stake in shares of LendingTree in the 3rd quarter valued at $282,000. 68.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TREE shares. Needham & Company LLC decreased their price target on LendingTree from $78.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Northland Capmk raised shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. raised their price objective on shares of LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. Northland Securities upgraded shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 target price for the company in a research report on Tuesday, January 21st. Finally, StockNews.com downgraded LendingTree from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $65.75.

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LendingTree Trading Up 5.1 %

NASDAQ:TREE traded up $2.18 on Tuesday, reaching $45.20. The company's stock had a trading volume of 117,171 shares, compared to its average volume of 237,496. LendingTree, Inc. has a 1-year low of $33.58 and a 1-year high of $62.49. The business's 50-day moving average price is $45.95 and its two-hundred day moving average price is $46.07. The firm has a market cap of $605.41 million, a PE ratio of -16.74 and a beta of 1.90. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

Insider Activity

In related news, COO Scott Peyree purchased 9,794 shares of LendingTree stock in a transaction dated Thursday, March 13th. The stock was bought 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 of the company's stock, valued at $4,500,719.58. This represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.40% of the stock is currently owned by company insiders.

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.