Nebula Research & Development LLC grew its holdings in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 158.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,690 shares of the financial services provider's stock after purchasing an additional 34,159 shares during the quarter. Nebula Research & Development LLC owned approximately 0.42% of LendingTree worth $2,158,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the business. Emerald Advisers LLC increased its position in shares of LendingTree by 1.4% during the 4th quarter. Emerald Advisers LLC now owns 361,220 shares of the financial services provider's stock valued at $13,997,000 after purchasing an additional 4,831 shares during the last quarter. Blue Grotto Capital LLC increased its position in shares of LendingTree by 4.1% during the 4th quarter. Blue Grotto Capital LLC now owns 301,784 shares of the financial services provider's stock valued at $11,694,000 after purchasing an additional 11,784 shares during the last quarter. Geode Capital Management LLC increased its position in shares of LendingTree by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider's stock valued at $14,697,000 after purchasing an additional 2,595 shares during the last quarter. Hennessy Advisors Inc. increased its position in shares of LendingTree by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider's stock valued at $9,393,000 after purchasing an additional 15,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in LendingTree by 15.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 204,896 shares of the financial services provider's stock worth $7,940,000 after acquiring an additional 27,887 shares during the last quarter. 68.26% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. StockNews.com raised LendingTree from a "buy" rating to a "strong-buy" rating in a report on Friday. Keefe, Bruyette & Woods decreased their price objective on LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Northland Capmk raised LendingTree from a "hold" rating to a "strong-buy" rating in a report 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, Stephens reissued an "overweight" rating and issued a $69.00 price objective on shares of LendingTree in a 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 company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $65.75.
View Our Latest Research Report on TREE
Insider Transactions at LendingTree
In other LendingTree news, COO Scott Peyree acquired 9,794 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $46.13 per share, with a total value of $451,797.22. Following the completion of the acquisition, the chief operating officer now owns 97,566 shares of the company's stock, valued at $4,500,719.58. This trade represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 23.40% of the stock is owned by insiders.
LendingTree Price Performance
Shares of TREE traded up $0.57 during midday trading on Monday, hitting $52.11. 318,378 shares of the company traded hands, compared to its average volume of 242,200. The stock has a 50-day moving average of $46.02 and a 200-day moving average of $45.44. LendingTree, Inc. has a one year low of $34.55 and a one year high of $62.49. The firm has a market cap of $697.96 million, a P/E ratio of -19.30 and a beta of 1.90. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92.
About LendingTree
(
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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