Jacobs Levy Equity Management Inc. Decreases Position in LendingTree, Inc. (NASDAQ:TREE)

Jacobs Levy Equity Management Inc. cut its position in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,712 shares of the financial services provider's stock after selling 21,304 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 2.59% of LendingTree worth $20,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position 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 valued at $697,000 after buying an additional 295 shares in the last quarter. CWM LLC raised its position in shares of LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider's stock valued at $25,000 after buying an additional 420 shares in the last quarter. nVerses Capital LLC raised its position 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 valued at $70,000 after buying an additional 800 shares in the last quarter. Empowered Funds LLC raised its position in shares of LendingTree by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 35,218 shares of the financial services provider's stock valued at $2,044,000 after buying an additional 1,742 shares in the last quarter. Finally, Emerald Advisers LLC raised its position in shares of LendingTree by 0.7% during the 2nd quarter. Emerald Advisers LLC now owns 345,892 shares of the financial services provider's stock valued at $14,386,000 after buying an additional 2,247 shares in the last quarter. Hedge funds and other institutional investors own 68.26% of the company's stock.

Insider Transactions at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $52.54, for a total value of $29,632.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 23.40% of the company's stock.

Analyst Upgrades and Downgrades

TREE has been the topic of several recent research reports. StockNews.com lowered shares of LendingTree from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Truist Financial increased their target price on shares of LendingTree from $60.00 to $70.00 and gave the company a "buy" rating in a report on Friday, November 1st. Needham & Company LLC increased their target price on shares of LendingTree from $67.00 to $78.00 and gave the company a "buy" rating in a report on Friday, November 1st. Oppenheimer increased their target price on shares of LendingTree from $65.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods increased their target price on shares of LendingTree from $71.00 to $73.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $64.00.

LendingTree Trading Down 0.6 %

Shares of NASDAQ:TREE traded down $0.25 on Thursday, hitting $38.32. The company had a trading volume of 1,490,582 shares, compared to its average volume of 248,609. The firm's 50-day simple moving average is $51.29 and its two-hundred day simple moving average is $49.54. LendingTree, Inc. has a 1 year low of $19.95 and a 1 year high of $62.49. 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 firm has a market capitalization of $511.96 million, a price-to-earnings ratio of -13.14 and a beta of 2.03.

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.