LendingTree, Inc. (NASDAQ:TREE) COO Scott Peyree Acquires 21,045 Shares of Stock

LendingTree, Inc. (NASDAQ:TREE) COO Scott Peyree purchased 21,045 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $41.69 per share, for a total transaction of $877,366.05. Following 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

LendingTree Price Performance

Shares of NASDAQ TREE opened at $46.54 on Friday. The firm has a market cap of $623.36 million, a PE ratio of -17.24 and a beta of 2.14. The firm has a fifty day moving average of $42.80 and a 200 day moving average of $47.48. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. LendingTree, Inc. has a one year low of $33.58 and a one year high of $62.49.

Institutional Investors Weigh In On LendingTree

Several institutional investors and hedge funds have recently added to or reduced their stakes in TREE. Squarepoint Ops LLC increased its holdings in LendingTree by 2,074.7% in the 4th quarter. Squarepoint Ops LLC now owns 107,998 shares of the financial services provider’s stock worth $4,185,000 after acquiring an additional 103,032 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in LendingTree by 127.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 166,575 shares of the financial services provider’s stock worth $6,455,000 after acquiring an additional 93,244 shares in the last quarter. AQR Capital Management LLC increased its holdings in LendingTree by 70.6% in the 4th quarter. AQR Capital Management LLC now owns 131,404 shares of the financial services provider’s stock worth $5,092,000 after acquiring an additional 54,368 shares in the last quarter. Walleye Capital LLC boosted its stake in LendingTree by 118.0% during the 3rd quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 50,910 shares during the last quarter. Finally, Barclays PLC boosted its stake in LendingTree by 199.2% during the 4th quarter. Barclays PLC now owns 64,056 shares of the financial services provider’s stock worth $2,482,000 after purchasing an additional 42,647 shares during the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. 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 report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their target price on shares of LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Needham & Company LLC cut their target price on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, March 6th. StockNews.com raised shares of LendingTree from a “buy” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, Stephens reaffirmed an “overweight” rating and set a $69.00 target price on shares of LendingTree in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $65.75.

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.