1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS acquired a new position in LendingTree, Inc. (NASDAQ:TREE – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,800 shares of the financial services provider’s stock, valued at approximately $70,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in shares of LendingTree in the 3rd quarter worth approximately $32,000. Wealthfront Advisers LLC bought a new stake in LendingTree during the fourth quarter worth approximately $54,000.
Asset Management One Co. Ltd. lifted its position 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 during the period. New York State Common Retirement Fund boosted its stake in LendingTree by 75.0% during the 4th quarter.
New York State Common Retirement Fund now owns 4,707 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 2,017 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in LendingTree during the 3rd quarter valued at $208,000. Institutional investors own 68.
26% of the company’s stock. Insider Buying and Selling at LendingTreeIn related news, COO Scott Peyree purchased 21,045 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $41.
69 per share, for a total transaction of $877,366.05. Following the completion of the acquisition, the chief operating officer now owns 76,760 shares in the company, valued at $3,200,124.
40. This trade represents a 37.77 % increase in their position.
The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 23.40% of the company’s stock.
LendingTree Stock Down 3.0 %TREE stock opened at $41.02 on Friday.
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 has a market capitalization of $549.42 million, a P/E ratio of -15.
19 and a beta of 1.90. LendingTree, Inc.
has a 52-week low of $33.58 and a 52-week high of $62.49.
The company’s 50 day simple moving average is $45.98 and its 200-day simple moving average is $46.23.
Analyst Ratings ChangesSeveral brokerages have recently weighed in on TREE. StockNews.com lowered LendingTree from a “strong-buy” rating to a “buy” rating in a report on Tuesday.
JPMorgan Chase & Co. upped their price target on shares of LendingTree from $65.00 to $68.
00 and gave the company an “overweight” rating in a report on Thursday, March 6th. Needham & Company LLC reduced their price objective 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. Stephens reiterated an “overweight” rating and issued a $69.00 target price on shares of LendingTree in a report on Thursday, March 6th.
Finally, Northland Securities upgraded shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price for the company in a report on Tuesday, January 21st. One equities 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 company.
According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $65.75.
View Our Latest Analysis on TREELendingTree Profile (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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