Proficio Capital Partners LLC Takes Position in LendingTree, Inc. (NASDAQ:TREE)

Proficio Capital Partners LLC bought a new position in LendingTree, Inc. (NASDAQ:TREE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,211 shares of the financial services provider's stock, valued at approximately $899,000. Proficio Capital Partners LLC owned 0.17% of LendingTree as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TREE. Asset Management One Co. Ltd. raised its stake in LendingTree by 101.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider's stock worth $80,000 after purchasing an additional 1,021 shares during the period. Versor Investments LP acquired a new position in LendingTree in the 4th quarter worth $298,000. Polar Asset Management Partners Inc. purchased a new position in LendingTree in the third quarter valued at about $1,045,000. Barclays PLC boosted its stake in shares of LendingTree by 301.5% during the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider's stock valued at $1,244,000 after buying an additional 16,077 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its holdings in LendingTree by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider's stock worth $9,393,000 after acquiring an additional 15,400 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Stock Down 1.1 %

NASDAQ:TREE traded down $0.63 during trading hours on Tuesday, hitting $54.95. 181,579 shares of the company's stock traded hands, compared to its average volume of 231,465. LendingTree, Inc. has a twelve month low of $33.58 and a twelve month high of $62.49. The firm has a market cap of $736.00 million, a P/E ratio of -20.35 and a beta of 2.14. 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 stock's fifty day moving average price is $44.53 and its two-hundred day moving average price is $47.05.

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Insider Activity at LendingTree

In other news, COO Scott Peyree purchased 9,794 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $46.13 per share, with a total value of $451,797.22. Following the purchase, the chief operating officer now owns 97,566 shares in the company, valued at $4,500,719.58. This represents a 11.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TREE has been the subject of a number of research analyst reports. Stephens reiterated an "overweight" rating and issued a $69.00 price target on shares of LendingTree in a report on Thursday, March 6th. StockNews.com raised LendingTree from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. raised their target price on shares of LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. Northland Capmk upgraded LendingTree from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC dropped their target price on shares of LendingTree from $78.00 to $65.00 and set a "buy" rating on the stock 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's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $65.75.

LendingTree Company 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.