18,000 Shares in LendingTree, Inc. (NASDAQ:TREE) Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. acquired a new stake in LendingTree, Inc. (NASDAQ:TREE - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 18,000 shares of the financial services provider's stock, valued at approximately $1,045,000. Polar Asset Management Partners Inc. owned 0.13% of LendingTree at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of LendingTree by 1.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider's stock valued at $697,000 after acquiring an additional 295 shares during the period. CWM LLC raised its stake in shares of LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 420 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of LendingTree by 297.2% in the 2nd quarter. SG Americas Securities LLC now owns 11,797 shares of the financial services provider's stock worth $491,000 after acquiring an additional 8,827 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in LendingTree during the 2nd quarter worth approximately $8,380,000. Finally, Bank of New York Mellon Corp increased its holdings in LendingTree by 7.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 40,268 shares of the financial services provider's stock valued at $1,675,000 after purchasing an additional 2,830 shares in the last quarter. Institutional investors own 68.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Oppenheimer upped their price objective on LendingTree from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Truist Financial upped their target price 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. Keefe, Bruyette & Woods boosted their price target on shares of LendingTree from $71.00 to $73.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. StockNews.com cut shares of LendingTree from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC upped their target price 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, LendingTree presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

Insider Activity

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $52.54, for a total transaction of $29,632.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 23.40% of the company's stock.

LendingTree Trading Up 2.2 %

Shares of TREE traded up $0.86 during trading hours on Friday, reaching $39.18. The stock had a trading volume of 528,140 shares, compared to its average volume of 249,796. LendingTree, Inc. has a 52 week low of $20.57 and a 52 week high of $62.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The company has a market cap of $523.44 million, a P/E ratio of -14.51 and a beta of 2.03. The firm has a 50-day moving average of $50.59 and a 200 day moving average of $49.41.

About LendingTree

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.