State Street Corp Has $13.74 Million Holdings in LendingTree, Inc. (NASDAQ:TREE)

State Street Corp decreased its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 87.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 236,751 shares of the financial services provider’s stock after selling 1,586,558 shares during the period. State Street Corp’s holdings in LendingTree were worth $13,739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Point72 DIFC Ltd boosted its stake in LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 499 shares during the last quarter. nVerses Capital LLC lifted its stake in shares of 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 during the period. CWM LLC lifted its stake in shares of LendingTree by 262.1% in the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,578 shares during the period. Empowered Funds LLC boosted its position in shares of LendingTree by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 35,218 shares of the financial services provider’s stock worth $2,044,000 after purchasing an additional 1,742 shares during the last quarter. Finally, Emerald Advisers LLC grew 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 purchasing an additional 2,247 shares during the period. 68.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas R. Lebda purchased 13,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were acquired at an average price of $39.72 per share, with a total value of $516,360.00. Following the completion of the transaction, the chief executive officer now owns 121,599 shares of the company’s stock, valued at $4,829,912.28. The trade was a 11.97 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Scott V. Totman bought 3,750 shares of the stock in a transaction on Friday, December 6th. The stock was acquired at an average price of $38.59 per share, with a total value of $144,712.50. Following the completion of the acquisition, the chief technology officer now owns 18,192 shares of the company’s stock, valued at $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.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com lowered LendingTree from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Truist Financial boosted their price objective on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 1st. Needham & Company LLC increased their target price on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Susquehanna lifted their price target on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Oppenheimer upped their price objective on shares of LendingTree from $65.00 to $70.00 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, the company currently has an average rating of “Moderate Buy” and an average target price of $64.00.

LendingTree Stock Up 0.4 %

Shares of TREE opened at $38.44 on Thursday. The firm has a 50 day simple moving average of $46.47 and a two-hundred day simple moving average of $49.19. 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 one year low of $24.55 and a one year high of $62.49. The company has a market cap of $513.64 million, a P/E ratio of -14.24 and a beta of 2.03.

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.