Mariner LLC Has $56.20 Million Stock Holdings in LendingTree, Inc. (NASDAQ:TREE)

Mariner LLC trimmed its position in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,450,345 shares of the financial services provider's stock after selling 189,721 shares during the quarter. Mariner LLC owned approximately 10.86% of LendingTree worth $56,201,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in LendingTree by 199.2% during the fourth quarter. Barclays PLC now owns 64,056 shares of the financial services provider's stock worth $2,482,000 after acquiring an additional 42,647 shares during the period. Trexquant Investment LP increased its stake in LendingTree by 97.0% during the fourth quarter. Trexquant Investment LP now owns 81,308 shares of the financial services provider's stock valued at $3,151,000 after acquiring an additional 40,038 shares during the period. Victory Capital Management Inc. increased its stake in LendingTree by 74.6% during the fourth quarter. Victory Capital Management Inc. now owns 84,180 shares of the financial services provider's stock valued at $3,262,000 after acquiring an additional 35,970 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in LendingTree by 199.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,035 shares of the financial services provider's stock valued at $1,939,000 after acquiring an additional 33,309 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of LendingTree in the 4th quarter worth approximately $1,254,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Stock Down 0.7 %

NASDAQ TREE traded down $0.32 during trading hours on Friday, reaching $44.88. 173,882 shares of the company's stock were exchanged, compared to its average volume of 238,514. The company's 50-day moving average is $45.90 and its two-hundred day moving average is $45.80. 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, Inc. has a one year low of $34.08 and a one year high of $62.49. The company has a market capitalization of $601.12 million, a price-to-earnings ratio of -16.62 and a beta of 1.90.

Insider Buying and Selling

In other news, COO Scott Peyree acquired 21,045 shares of LendingTree stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $41.69 per share, with a total value of $877,366.05. Following the completion of the transaction, the chief operating officer now directly owns 76,760 shares of the company's stock, valued at approximately $3,200,124.40. This represents a 37.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.40% of the company's stock.

Analyst Upgrades and Downgrades

TREE has been the topic of several analyst reports. StockNews.com raised shares of LendingTree from a "buy" rating to a "strong-buy" rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, March 6th. Stephens reissued an "overweight" rating and issued a $69.00 price target on shares of LendingTree in a report on Thursday, March 6th. Northland Securities raised LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 target price for the company in a research note on Tuesday, January 21st. Finally, Needham & Company LLC reduced their price objective on shares of LendingTree from $78.00 to $65.00 and set a "buy" rating on the stock in a research note 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 assigned a strong buy rating to the company. According to MarketBeat.com, LendingTree currently has an average rating of "Buy" and a consensus target price of $65.75.

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.