Vanguard Group Inc. Has $26.35 Million Stock Holdings in LendingTree, Inc. (NASDAQ:TREE)

Vanguard Group Inc. lowered its stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 680,010 shares of the financial services provider's stock after selling 23,473 shares during the period. Vanguard Group Inc. owned about 5.09% of LendingTree worth $26,350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Asset Management One Co. Ltd. boosted its holdings in 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 purchasing an additional 1,021 shares in the last quarter. Versor Investments LP bought a new stake in shares of LendingTree during the 4th quarter worth about $298,000. Proficio Capital Partners LLC acquired a new position in shares of LendingTree during the 4th quarter valued at about $899,000. Charles Schwab Investment Management Inc. increased its holdings in shares of LendingTree by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 93,483 shares of the financial services provider's stock valued at $3,622,000 after acquiring an additional 5,277 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of 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 in the last quarter. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TREE has been the subject of a number of recent analyst reports. StockNews.com cut shares of LendingTree from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. raised their target price on LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. Northland Securities upgraded LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price target for the company in a report on Tuesday, January 21st. Northland Capmk upgraded shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods dropped their target price on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, LendingTree presently has a consensus rating of "Buy" and a consensus target price of $65.75.

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LendingTree Stock Up 4.9 %

Shares of NASDAQ:TREE opened at $43.01 on Tuesday. The business has a fifty day simple moving average of $45.95 and a 200 day simple moving average of $46.07. LendingTree, Inc. has a 12-month low of $33.58 and a 12-month high of $62.49. The firm has a market cap of $576.08 million, a P/E ratio of -15.93 and a beta of 1.90. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

Insiders Place Their Bets

In other LendingTree news, COO Scott Peyree bought 21,045 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $41.69 per share, with a total value 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. The trade was a 37.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 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.

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