Los Angeles Capital Management LLC Trims Position in LendingTree, Inc. (NASDAQ:TREE)

Los Angeles Capital Management LLC lowered its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 54.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,973 shares of the financial services provider’s stock after selling 27,515 shares during the period. Los Angeles Capital Management LLC owned approximately 0.17% of LendingTree worth $890,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lisanti Capital Growth LLC purchased a new position in LendingTree during the third quarter worth approximately $3,651,000. Asset Management One Co. Ltd. grew its holdings in 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 in the last quarter. GSA Capital Partners LLP acquired a new stake in LendingTree during the 3rd quarter valued at $1,612,000. Polar Asset Management Partners Inc. acquired a new stake in LendingTree during the 3rd quarter valued at $1,045,000. Finally, Barclays PLC grew its holdings in LendingTree by 301.5% during the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock valued at $1,244,000 after purchasing an additional 16,077 shares in the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.

Insiders Place Their Bets

In other LendingTree news, CTO Scott V. Totman purchased 3,750 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $38.59 per share, with a total value of $144,712.50. Following the acquisition, the chief technology officer now owns 18,192 shares of the company’s stock, valued at approximately $702,029.28. This represents a 25.97 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas R. Lebda purchased 13,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $39.72 per share, with a total value of $516,360.00. Following the completion of the acquisition, the chief executive officer now directly owns 121,599 shares in the company, valued at approximately $4,829,912.28. This trade represents a 11.97 % increase in their position. The disclosure for this purchase can be found here. 23.40% of the stock is owned by company insiders.

LendingTree Price Performance

Shares of TREE stock opened at $40.39 on Friday. The firm has a market cap of $539.69 million, a P/E ratio of -14.96 and a beta of 2.07. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. LendingTree, Inc. has a 1-year low of $33.58 and a 1-year high of $62.49. The firm has a fifty day moving average of $41.98 and a two-hundred day moving average of $47.96.

Analysts Set New Price Targets

A number of research firms recently weighed in on TREE. Northland Securities raised shares of 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 raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $67.71.

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.