Los Angeles Capital Management LLC Decreases Stake in LendingTree, Inc. (NASDAQ:TREE)

Los Angeles Capital Management LLC lessened its stake in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 20.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,488 shares of the financial services provider's stock after selling 12,670 shares during the quarter. Los Angeles Capital Management LLC owned about 0.38% of LendingTree worth $2,930,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. increased its holdings in shares of LendingTree by 6.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider's stock valued at $15,419,000 after purchasing an additional 22,581 shares during the last quarter. Emerald Advisers LLC grew its position in LendingTree by 3.0% in the third quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider's stock worth $20,681,000 after acquiring an additional 10,497 shares during the period. Renaissance Technologies LLC grew its position in LendingTree by 25.0% in the second quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider's stock worth $12,182,000 after acquiring an additional 58,500 shares during the period. Emerald Mutual Fund Advisers Trust grew its position in LendingTree by 9.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider's stock worth $11,676,000 after acquiring an additional 23,995 shares during the period. Finally, Acadian Asset Management LLC grew its position in LendingTree by 53.9% in the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider's stock worth $10,868,000 after acquiring an additional 89,900 shares during the period. Institutional investors and hedge funds own 68.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TREE shares. Oppenheimer increased their price objective on LendingTree from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Susquehanna increased their price target on LendingTree from $50.00 to $58.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Northland Securities lifted their price objective on LendingTree from $50.00 to $60.00 and gave the company a "market perform" rating in a research note on Friday, July 26th. Truist Financial upped their target price on shares of LendingTree from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Needham & Company LLC lifted their price target on shares of LendingTree from $67.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, LendingTree currently has an average rating of "Moderate Buy" and a consensus price target of $64.00.

Insider Activity

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

LendingTree Stock Down 7.8 %

LendingTree stock traded down $4.19 during mid-day trading on Wednesday, hitting $49.82. The company had a trading volume of 349,592 shares, compared to its average volume of 238,217. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree, Inc. has a 1 year low of $14.95 and a 1 year high of $62.49. The business has a fifty day moving average of $55.09 and a 200 day moving average of $49.93. The stock has a market cap of $665.69 million, a price-to-earnings ratio of -18.45 and a beta of 2.11.

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.