MWA Asset Management Trims Stock Position in LendingTree, Inc. (NASDAQ:TREE)

MWA Asset Management reduced its position in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 31.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,829 shares of the financial services provider's stock after selling 6,899 shares during the quarter. MWA Asset Management owned about 0.11% of LendingTree worth $575,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TREE. National Bank of Canada FI bought a new stake in shares of LendingTree during the 3rd quarter valued at approximately $32,000. Point72 DIFC Ltd grew its holdings in shares of LendingTree by 77.0% during the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider's stock valued at $67,000 after purchasing an additional 499 shares during the last quarter. nVerses Capital LLC grew its holdings in 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. CWM LLC grew its holdings in LendingTree by 262.1% during the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider's stock worth $127,000 after acquiring an additional 1,578 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in LendingTree in the 3rd quarter valued at approximately $203,000. 68.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TREE shares. Northland Capmk upgraded shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. Needham & Company LLC upped their price target on shares of LendingTree from $67.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods upped their price target on shares of LendingTree from $71.00 to $73.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Northland Securities upgraded shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price target for the company in a research report on Tuesday, January 21st. Finally, Truist Financial upped 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 analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $64.00.

Insider Activity

In other news, CTO Scott V. Totman acquired 3,750 shares of the business's stock in a transaction dated Friday, December 6th. The stock was bought at an average cost of $38.59 per share, for a total transaction of $144,712.50. Following the completion of the transaction, the chief technology officer now owns 18,192 shares of the company's stock, valued at $702,029.28. The trade was a 25.97 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas R. Lebda purchased 13,000 shares of the firm's stock in a transaction on Friday, December 6th. The shares were acquired at an average cost of $39.72 per share, for a total transaction of $516,360.00. Following the completion of the purchase, the chief executive officer now directly owns 121,599 shares of the company's stock, valued at approximately $4,829,912.28. This represents a 11.97 % increase in their position. The disclosure for this purchase can be found here. 23.40% of the stock is currently owned by corporate insiders.

LendingTree Stock Down 1.5 %

Shares of LendingTree stock traded down $0.69 during trading hours on Wednesday, reaching $44.46. The company's stock had a trading volume of 144,842 shares, compared to its average volume of 228,490. LendingTree, Inc. has a one year low of $28.50 and a one year high of $62.49. The company has a market capitalization of $593.99 million, a P/E ratio of -16.47 and a beta of 2.07. The stock's fifty day simple moving average is $41.19 and its two-hundred day simple moving average is $48.35. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

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.