Raymond James Financial Inc. Acquires Shares of 32,374 LendingTree, Inc. (NASDAQ:TREE)

Raymond James Financial Inc. acquired a new position in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 32,374 shares of the financial services provider's stock, valued at approximately $1,254,000. Raymond James Financial Inc. owned about 0.24% of LendingTree at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Walleye Capital LLC boosted its stake in shares of LendingTree by 118.0% during the 3rd quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider's stock worth $451,000 after purchasing an additional 50,910 shares during the last quarter. Victory Capital Management Inc. boosted its position in LendingTree by 74.6% during the fourth quarter. Victory Capital Management Inc. now owns 84,180 shares of the financial services provider's stock worth $3,262,000 after acquiring an additional 35,970 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in LendingTree in the 4th quarter worth approximately $899,000. Polar Asset Management Partners Inc. purchased a new stake in LendingTree in the 3rd quarter worth approximately $1,045,000. 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 during the last quarter. Hedge funds and other institutional investors own 68.26% of the company's stock.

LendingTree Trading Down 4.3 %

TREE stock traded down $1.97 during midday trading on Monday, reaching $43.99. 314,725 shares of the company's stock traded hands, compared to its average volume of 235,538. LendingTree, Inc. has a fifty-two week low of $33.58 and a fifty-two week high of $62.49. The business has a 50-day moving average price of $46.33 and a two-hundred day moving average price of $46.72. The company has a market capitalization of $589.20 million, a P/E ratio of -16.29 and a beta of 1.90. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92.

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Wall Street Analysts Forecast Growth

TREE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted 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. Needham & Company LLC lowered their price target on LendingTree from $78.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Northland Capmk upgraded shares of LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. StockNews.com upgraded shares of LendingTree from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods cut their price target on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $65.75.

Insider Activity at LendingTree

In other news, COO Scott Peyree purchased 21,045 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 owns 76,760 shares in the company, valued at approximately $3,200,124.40. This trade represents a 37.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 23.40% of the company's stock.

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.