Prudential Financial Inc. decreased its stake in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 75.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,239 shares of the financial services provider's stock after selling 79,220 shares during the period. Prudential Financial Inc. owned approximately 0.20% of LendingTree worth $1,017,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of TREE. Asset Management One Co. Ltd. grew its position in LendingTree by 101.5% in the 4th 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 last quarter. Versor Investments LP bought a new stake in shares of LendingTree in the fourth quarter valued at about $298,000. Proficio Capital Partners LLC acquired a new stake in LendingTree during the fourth quarter worth about $899,000. Charles Schwab Investment Management Inc. increased its stake in LendingTree by 6.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 93,483 shares of the financial services provider's stock valued at $3,622,000 after acquiring an additional 5,277 shares during the period. Finally, Barclays PLC raised its holdings in LendingTree by 301.5% in the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider's stock valued at $1,244,000 after acquiring an additional 16,077 shares in the last quarter. Institutional investors own 68.26% of the company's stock.
LendingTree Price Performance
TREE stock traded down $1.27 during trading on Friday, hitting $41.02. 277,335 shares of the stock traded hands, compared to its average volume of 237,699. The stock has a market cap of $549.42 million, a price-to-earnings ratio of -15.19 and a beta of 1.90. LendingTree, Inc. has a one year low of $33.58 and a one year high of $62.49. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The company has a 50 day simple moving average of $45.98 and a 200 day simple moving average of $46.23.
Analyst Ratings Changes
Several brokerages have recently weighed in on TREE. StockNews.com lowered LendingTree from a "strong-buy" rating to a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. Northland Capmk upgraded shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Northland Securities upgraded shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods dropped their price target on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $65.75.
View Our Latest Stock Analysis on TREE
Insider Transactions at LendingTree
In other LendingTree news, COO Scott Peyree bought 21,045 shares of LendingTree stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $41.69 per share, with a total value of $877,366.05. Following the acquisition, the chief operating officer now directly owns 76,760 shares of the company's stock, valued at $3,200,124.40. The trade was a 37.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 23.40% of the company's stock.
LendingTree Company Profile
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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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