LendingTree, Inc. (NASDAQ:TREE) COO Scott Peyree Buys 9,794 Shares

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) COO Scott Peyree acquired 9,794 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the acquisition, the chief operating officer now owns 97,566 shares in the company, valued at approximately $4,500,719.58. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Scott Peyree also recently made the following trade(s):

• On Tuesday, March 11th, Scott Peyree acquired 21,045 shares of LendingTree stock. The shares were purchased at an average cost of $41.69 per share, for a total transaction of $877,366.05.

LendingTree Stock Performance

TREE stock traded up $1.00 during trading hours on Friday, reaching $52.39. The stock had a trading volume of 74,735 shares, compared to its average volume of 230,761. The stock has a market capitalization of $701.71 million, a PE ratio of -19.28 and a beta of 2.14. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a 50-day simple moving average of $43.85 and a 200 day simple moving average of $47.19. LendingTree, Inc. has a fifty-two week low of $33.58 and a fifty-two week high of $62.49.

Wall Street Analyst Weigh In

TREE has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. StockNews.com upgraded shares of LendingTree from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Northland Securities raised shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 target price for the company in a research note on Tuesday, January 21st. Stephens reissued an "overweight" rating and set a $69.00 price objective on shares of LendingTree in a research report on Thursday, March 6th. Finally, Needham & Company LLC decreased their target price on shares of LendingTree from $78.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $65.75.

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Institutional Trading of LendingTree

A number of large investors have recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new stake in shares of LendingTree during the 3rd quarter worth about $32,000. New Age Alpha Advisors LLC acquired a new stake in shares of LendingTree during the 4th quarter worth about $36,000. Tower Research Capital LLC TRC lifted its stake in shares of LendingTree by 248.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock worth $46,000 after buying an additional 848 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of LendingTree during the 4th quarter worth about $54,000. Finally, CANADA LIFE ASSURANCE Co acquired a new stake in shares of LendingTree during the 4th quarter worth about $56,000. Institutional investors and hedge funds own 68.26% of the company's stock.

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.