Quadrature Capital Ltd Decreases Stock Holdings in LendingTree, Inc. (NASDAQ:TREE)

Quadrature Capital Ltd lessened its stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 59.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,306 shares of the financial services provider's stock after selling 13,872 shares during the period. Quadrature Capital Ltd owned approximately 0.07% of LendingTree worth $539,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TREE. 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 worth $25,000 after purchasing an additional 420 shares during the last quarter. Point72 DIFC Ltd boosted its position in LendingTree by 77.0% during the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider's stock worth $67,000 after purchasing an additional 499 shares in the last quarter. nVerses Capital LLC grew its stake in LendingTree by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 800 shares during the period. Quest Partners LLC acquired a new position in shares of LendingTree during the second quarter valued at approximately $132,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of LendingTree in the second quarter worth about $139,000. Institutional investors and hedge funds own 68.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TREE shares. Needham & Company LLC upped their target price on LendingTree from $67.00 to $78.00 and gave the company a "buy" rating in a report on Friday, November 1st. Truist Financial increased their price objective on shares of LendingTree from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Oppenheimer upped their price target on LendingTree from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Susquehanna lifted their target price on LendingTree from $50.00 to $58.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Finally, StockNews.com downgraded shares of LendingTree from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, LendingTree presently has an average rating of "Moderate Buy" and a consensus price target of $64.00.

Insider Activity at LendingTree

In other news, CTO Scott V. Totman acquired 3,750 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were purchased at an average cost of $38.59 per share, for a total transaction of $144,712.50. Following the transaction, the chief technology officer now directly owns 18,192 shares in the company, valued at approximately $702,029.28. This represents a 25.97 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The disclosure for this sale can be found here. Insiders own 23.40% of the company's stock.

LendingTree Stock Performance

Shares of TREE traded up $1.93 during mid-day trading on Monday, reaching $41.11. The company's stock had a trading volume of 558,472 shares, compared to its average volume of 251,082. The company's 50 day moving average is $50.59 and its 200 day moving average is $49.48. LendingTree, Inc. has a 12-month low of $22.25 and a 12-month 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.

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.