Trexquant Investment LP increased its holdings in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 97.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,308 shares of the financial services provider's stock after purchasing an additional 40,038 shares during the quarter. Trexquant Investment LP owned approximately 0.61% of LendingTree worth $3,151,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. National Bank of Canada FI purchased a new stake in shares of LendingTree during the 3rd quarter worth approximately $32,000. New Age Alpha Advisors LLC acquired a new stake in LendingTree during the 4th quarter worth $36,000. Wealthfront Advisers LLC purchased a new stake in LendingTree in the fourth quarter valued at $54,000. Point72 DIFC Ltd boosted its stake in LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider's stock valued at $67,000 after acquiring an additional 499 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of LendingTree during the fourth quarter worth about $70,000. 68.26% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
TREE has been the subject of several research reports. Northland Capmk raised LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price objective on LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. StockNews.com lowered shares of LendingTree from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Keefe, Bruyette & Woods cut their target price on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Stephens reiterated an "overweight" rating and set a $69.00 price target on shares of LendingTree in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $65.75.
Check Out Our Latest Research Report on LendingTree
Insider Activity
In other news, COO Scott Peyree acquired 21,045 shares of LendingTree stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $41.69 per share, for a total transaction of $877,366.05. Following the completion of the transaction, the chief operating officer now directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 23.40% of the company's stock.
LendingTree Stock Performance
NASDAQ:TREE traded down $1.27 during midday trading on Friday, reaching $41.02. The stock had a trading volume of 277,335 shares, compared to its average volume of 237,699. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a market cap of $549.42 million, a P/E ratio of -15.19 and a beta of 1.90. The firm has a fifty day simple moving average of $45.98 and a two-hundred day simple moving average of $46.23. LendingTree, Inc. has a 12-month low of $33.58 and a 12-month high of $62.49.
About LendingTree
(
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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