Federated Hermes Inc. grew its position in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,672 shares of the financial services provider's stock after purchasing an additional 7,095 shares during the period. Federated Hermes Inc. owned approximately 1.25% of LendingTree worth $6,459,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. National Bank of Canada FI acquired a new position in shares of LendingTree during the third quarter worth about $32,000. New Age Alpha Advisors LLC purchased a new stake in shares of LendingTree during the 4th quarter valued at about $36,000. Meeder Asset Management Inc. lifted its position in LendingTree by 30.0% during the 4th quarter. Meeder Asset Management Inc. now owns 4,351 shares of the financial services provider's stock worth $169,000 after acquiring an additional 1,004 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in 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 acquiring an additional 1,021 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in LendingTree in the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 68.26% of the company's stock.
Insider Transactions at LendingTree
In other news, COO Scott Peyree acquired 21,045 shares of LendingTree stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased 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 of the company's stock, valued at $3,200,124.40. This trade represents a 37.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 23.40% of the company's stock.
LendingTree Stock Up 5.0 %
LendingTree stock traded up $2.14 during midday trading on Tuesday, hitting $45.15. The stock had a trading volume of 189,867 shares, compared to its average volume of 237,761. The business has a fifty day moving average price of $45.95 and a 200 day moving average price of $46.07. LendingTree, Inc. has a 12 month low of $33.58 and a 12 month high of $62.49. The stock has a market cap of $604.74 million, a P/E ratio of -16.72 and a beta of 1.90. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on TREE shares. Keefe, Bruyette & Woods reduced their target price on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. StockNews.com lowered shares of LendingTree from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 8th. Stephens reaffirmed an "overweight" rating and set a $69.00 target price on shares of LendingTree in a research report on Thursday, March 6th. JPMorgan Chase & Co. boosted their price target on LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. Finally, Northland Securities upgraded LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, LendingTree presently has a consensus rating of "Buy" and an average price target of $65.75.
Read Our Latest Research Report 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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