Quantbot Technologies LP Lowers Holdings in LendingTree, Inc. (NASDAQ:TREE)

Quantbot Technologies LP cut its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 68.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,523 shares of the financial services provider’s stock after selling 3,249 shares during the period. Quantbot Technologies LP’s holdings in LendingTree were worth $88,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in shares of LendingTree by 1.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock valued at $697,000 after acquiring an additional 295 shares in the last quarter. CWM LLC raised its position in LendingTree by 230.8% in the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 420 shares in the last quarter. nVerses Capital LLC raised its position in LendingTree by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 800 shares in the last quarter. Empowered Funds LLC grew its position in shares of LendingTree by 5.2% during the third quarter. Empowered Funds LLC now owns 35,218 shares of the financial services provider’s stock worth $2,044,000 after buying an additional 1,742 shares in the last quarter. Finally, Emerald Advisers LLC increased its stake in shares of LendingTree by 0.7% during the second quarter. Emerald Advisers LLC now owns 345,892 shares of the financial services provider’s stock worth $14,386,000 after buying an additional 2,247 shares during the period. Hedge funds and other institutional investors own 68.26% of the company’s stock.

Insider Activity at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 23.40% of the stock is owned by insiders.

LendingTree Price Performance

TREE stock opened at $39.18 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The company has a market capitalization of $523.44 million, a P/E ratio of -14.51 and a beta of 2.03. The business has a 50 day simple moving average of $50.59 and a 200-day simple moving average of $49.41. LendingTree, Inc. has a twelve month low of $20.57 and a twelve month high of $62.49.

Analysts Set New Price Targets

Several research analysts have commented on TREE shares. Susquehanna boosted their price target on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods increased their target price on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Oppenheimer lifted their price target on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com lowered LendingTree from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC upped their price target on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, LendingTree presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

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.