GSA Capital Partners LLP Makes New Investment in LendingTree, Inc. (NASDAQ:TREE)

GSA Capital Partners LLP purchased a new stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 27,787 shares of the financial services provider's stock, valued at approximately $1,612,000. GSA Capital Partners LLP owned approximately 0.21% of LendingTree at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC grew its position in shares of LendingTree by 16.8% during the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 270 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of LendingTree by 1.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider's stock worth $697,000 after acquiring an additional 295 shares during the last quarter. CWM LLC lifted its holdings in shares of LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider's stock worth $25,000 after acquiring an additional 420 shares during the last quarter. nVerses Capital LLC lifted its holdings in shares of LendingTree by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider's stock worth $70,000 after acquiring an additional 800 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of LendingTree by 5.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider's stock worth $1,435,000 after acquiring an additional 1,605 shares during the last quarter. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Oppenheimer boosted their price target on shares of LendingTree from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods upped their price objective on shares of LendingTree from $71.00 to $73.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Needham & Company LLC upped their price objective on shares of LendingTree from $67.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, November 1st. StockNews.com upgraded shares of LendingTree from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Truist Financial boosted their price target on shares of LendingTree from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, LendingTree has a consensus rating of "Moderate Buy" and an average price target of $64.00.

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 accessible through this hyperlink. Corporate insiders own 23.40% of the company's stock.

LendingTree Stock Down 7.8 %

TREE traded down $4.19 during midday trading on Wednesday, reaching $49.82. The company's stock had a trading volume of 348,366 shares, compared to its average volume of 238,217. The stock's 50-day moving average is $55.22 and its 200-day moving average is $49.82. LendingTree, Inc. has a 1 year low of $14.95 and a 1 year high of $62.49. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The firm has a market capitalization of $665.69 million, a price-to-earnings ratio of -19.90 and a beta of 2.11.

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.