Victory Capital Management Inc. Raises Stock Position in LendingTree, Inc. (NASDAQ:TREE)

Victory Capital Management Inc. boosted its holdings in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 74.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,180 shares of the financial services provider's stock after purchasing an additional 35,970 shares during the quarter. Victory Capital Management Inc. owned about 0.63% of LendingTree worth $3,262,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Point72 DIFC Ltd lifted its holdings in shares of LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider's stock worth $67,000 after buying an additional 499 shares in the last quarter. National Bank of Canada FI purchased a new stake in LendingTree in the 3rd quarter worth $32,000. Asset Management One Co. Ltd. boosted its holdings in shares of LendingTree by 101.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 1,021 shares during the last quarter. Empowered Funds LLC grew its position in shares of LendingTree by 4.9% during the fourth quarter. Empowered Funds LLC now owns 36,946 shares of the financial services provider's stock valued at $1,432,000 after purchasing an additional 1,728 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of LendingTree by 75.0% in the fourth quarter. New York State Common Retirement Fund now owns 4,707 shares of the financial services provider's stock worth $182,000 after purchasing an additional 2,017 shares during the last quarter. 68.26% of the stock is owned by hedge funds and other institutional investors.

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LendingTree Trading Up 3.8 %

Shares of LendingTree stock traded up $1.89 during trading on Thursday, hitting $51.33. The stock had a trading volume of 230,851 shares, compared to its average volume of 231,135. LendingTree, Inc. has a 12 month low of $33.58 and a 12 month high of $62.49. 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 firm's fifty day simple moving average is $43.59 and its 200-day simple moving average is $47.16. The stock has a market cap of $687.51 million, a PE ratio of -19.04 and a beta of 2.14.

Analysts Set New Price Targets

A number of brokerages recently commented on TREE. StockNews.com raised LendingTree from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Northland Capmk upgraded LendingTree from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. Northland Securities upgraded shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price target on the stock in a research report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price objective on shares of LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Finally, Keefe, Bruyette & Woods reduced 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. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, LendingTree has a consensus rating of "Buy" and a consensus target price of $65.75.

Insiders Place Their Bets

In other LendingTree news, COO Scott Peyree bought 9,794 shares of LendingTree stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the purchase, the chief operating officer now directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 23.40% of the stock is owned by insiders.

About LendingTree

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.