LendingTree, Inc. (NASDAQ:TREE) COO Acquires $451,797.22 in Stock

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) COO Scott Peyree purchased 9,794 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $46.13 per share, with a total value of $451,797.22. Following the transaction, the chief operating officer now directly owns 97,566 shares in the company, valued at approximately $4,500,719.58. This trade represents a 11.16 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Scott Peyree also recently made the following trade(s):

• On Tuesday, March 11th, Scott Peyree purchased 21,045 shares of LendingTree stock. The stock was bought at an average price of $41.69 per share, for a total transaction of $877,366.05.

LendingTree Stock Performance

Shares of TREE traded up $0.29 during trading hours on Friday, reaching $51.68. 219,782 shares of the company traded hands, compared to its average volume of 231,310. 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 business has a fifty day moving average price of $43.85 and a 200-day moving average price of $47.19. LendingTree, Inc. has a 12-month low of $33.58 and a 12-month high of $62.49. The stock has a market capitalization of $692.20 million, a P/E ratio of -19.14 and a beta of 2.14.

Institutional Investors Weigh In On LendingTree

A number of institutional investors and hedge funds have recently modified their holdings of the company. National Bank of Canada FI purchased a new stake in shares of LendingTree in the 3rd quarter valued at $32,000. New Age Alpha Advisors LLC purchased a new position in shares of LendingTree during the 4th quarter valued at about $36,000. Tower Research Capital LLC TRC lifted its holdings in shares of LendingTree by 248.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock valued at $46,000 after buying an additional 848 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of LendingTree in the fourth quarter worth about $54,000. Finally, CANADA LIFE ASSURANCE Co purchased a new position in LendingTree during the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 68.26% of the company's stock.

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Analyst Upgrades and Downgrades

TREE has been the topic of several analyst reports. Keefe, Bruyette & Woods cut their target price on LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Northland Capmk raised shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. Needham & Company LLC decreased their target price on shares of LendingTree from $78.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. StockNews.com upgraded shares of LendingTree from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Finally, Stephens reaffirmed an "overweight" rating and set a $69.00 price target on shares of LendingTree in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $65.75.

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.