Quantbot Technologies LP Has $710,000 Holdings in LendingTree, Inc. (NASDAQ:TREE)

Quantbot Technologies LP grew its stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 1,103.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,329 shares of the financial services provider's stock after buying an additional 16,806 shares during the period. Quantbot Technologies LP owned 0.14% of LendingTree worth $710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TREE. Point72 DIFC Ltd grew its holdings in shares of LendingTree by 77.0% during the 3rd 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 during the period. National Bank of Canada FI purchased a new stake in LendingTree during the third quarter worth approximately $32,000. Asset Management One Co. Ltd. increased its position in shares of LendingTree by 101.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider's stock worth $80,000 after acquiring an additional 1,021 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of LendingTree in the 4th quarter valued at $54,000. Finally, Empowered Funds LLC lifted its holdings in shares of LendingTree by 4.9% during the 4th quarter. Empowered Funds LLC now owns 36,946 shares of the financial services provider's stock valued at $1,432,000 after acquiring an additional 1,728 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Stock Down 2.7 %

TREE stock traded down $1.45 during mid-day trading on Friday, hitting $51.41. 215,000 shares of the company were exchanged, compared to its average volume of 234,634. 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 firm has a market cap of $688.59 million, a P/E ratio of -19.04 and a beta of 2.14. LendingTree, Inc. has a 1-year low of $33.58 and a 1-year high of $62.49. The firm's 50 day simple moving average is $45.69 and its 200 day simple moving average is $47.08.

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Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Stephens reissued an "overweight" rating and set a $69.00 price target on shares of LendingTree in a research report on Thursday, March 6th. Northland Securities raised shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their target price on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, Northland Capmk raised LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. 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. Based on data from MarketBeat, LendingTree presently has an average rating of "Buy" and an average price target of $65.75.

Insider Transactions at LendingTree

In related news, COO Scott Peyree acquired 21,045 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was purchased 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 approximately $3,200,124.40. The trade was a 37.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.40% of the stock is currently owned by corporate insiders.

LendingTree 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.