4,600 Shares in LendingTree, Inc. (NASDAQ:TREE) Bought by Janus Henderson Group PLC

Janus Henderson Group PLC purchased a new stake in LendingTree, Inc. (NASDAQ:TREE) in the third quarter, HoldingsChannel reports. The institutional investor purchased 4,600 shares of the financial services provider’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Lisanti Capital Growth LLC bought a new stake in shares of LendingTree in the 3rd quarter valued at about $3,651,000. Emerald Mutual Fund Advisers Trust raised its stake in LendingTree by 9.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after buying an additional 23,995 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of LendingTree in the third quarter valued at approximately $1,612,000. ClariVest Asset Management LLC bought a new position in shares of LendingTree during the 2nd quarter worth approximately $1,360,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of LendingTree by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 88,206 shares of the financial services provider’s stock worth $5,119,000 after acquiring an additional 2,602 shares during the period. Institutional investors own 68.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TREE shares. Oppenheimer raised their price target on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, November 1st. StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Truist Financial increased their price target on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 1st. Susquehanna boosted their price objective on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods upped their target price on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Insider Buying and Selling at LendingTree

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

LendingTree Trading Down 2.6 %

Shares of TREE stock opened at $39.80 on Monday. The stock has a market cap of $531.73 million, a P/E ratio of -14.74 and a beta of 2.03. LendingTree, Inc. has a 1 year low of $24.55 and a 1 year high of $62.49. 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 stock has a 50 day simple moving average of $49.05 and a 200 day simple moving average of $49.37.

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.