LendingTree, Inc. (NASDAQ:TREE - Get Free Report)'s stock price rose 4.6% on Thursday . The stock traded as high as $52.20 and last traded at $51.74. Approximately 112,502 shares changed hands during trading, a decline of 51% from the average daily volume of 230,582 shares. The stock had previously closed at $49.44.
Analysts Set New Price Targets
A number of equities research analysts recently commented on TREE shares. Stephens reaffirmed an "overweight" rating and set a $69.00 price objective on shares of LendingTree in a research note on Thursday, March 6th. Keefe, Bruyette & Woods lowered their price objective on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Northland Securities upgraded LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a research note on Tuesday, January 21st. Needham & Company LLC decreased their price objective on LendingTree from $78.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, StockNews.com upgraded shares of LendingTree from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, LendingTree presently has an average rating of "Buy" and a consensus price target of $65.75.
Read Our Latest Research Report on LendingTree
LendingTree Stock Up 6.1 %
The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $734.39 million, a P/E ratio of -20.31 and a beta of 2.14. The stock's 50 day simple moving average is $44.15 and its 200 day simple moving average is $47.03.
Insider Activity at LendingTree
In related news, COO Scott Peyree acquired 9,794 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the transaction, the chief operating officer now owns 97,566 shares in the company, valued at approximately $4,500,719.58. This trade represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.40% of the stock is owned by company insiders.
Institutional Trading of LendingTree
Several hedge funds and other institutional investors have recently bought and sold shares of TREE. Thrivent Financial for Lutherans grew its stake in shares of LendingTree by 48.8% in the third quarter. Thrivent Financial for Lutherans now owns 20,519 shares of the financial services provider's stock worth $1,191,000 after purchasing an additional 6,727 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of LendingTree by 27.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,726 shares of the financial services provider's stock valued at $971,000 after acquiring an additional 3,648 shares in the last quarter. Intech Investment Management LLC purchased a new stake in LendingTree in the third quarter worth $247,000. Charles Schwab Investment Management Inc. boosted its holdings in LendingTree by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 88,206 shares of the financial services provider's stock valued at $5,119,000 after acquiring an additional 2,602 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of LendingTree in the 3rd quarter worth about $223,000. Hedge funds and other institutional investors own 68.26% of the company's stock.
About LendingTree
(
Get 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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