Barclays PLC Raises Stock Holdings in LendingTree, Inc. (NASDAQ:TREE)

Barclays PLC grew its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 301.5% during the third quarter, HoldingsChannel.com reports. The fund owned 21,409 shares of the financial services provider’s stock after buying an additional 16,077 shares during the quarter. Barclays PLC’s holdings in LendingTree were worth $1,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of LendingTree by 1.0% in the third quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider’s stock worth $14,697,000 after acquiring an additional 2,595 shares during the period. National Bank of Canada FI bought a new stake in shares of LendingTree during the 3rd quarter valued at about $32,000. Point72 DIFC Ltd increased its position in shares of LendingTree by 77.0% during the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 499 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of LendingTree in the 3rd quarter worth approximately $1,045,000. Finally, Janus Henderson Group PLC purchased a new position in shares of LendingTree in the third quarter worth approximately $266,000. 68.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Douglas R. Lebda purchased 13,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average price of $39.72 per share, with a total value of $516,360.00. Following the completion of the acquisition, the chief executive officer now owns 121,599 shares in the company, valued at $4,829,912.28. This trade represents a 11.97 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Scott V. Totman acquired 3,750 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was purchased 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 directly owns 18,192 shares of the company’s stock, valued at $702,029.28. This trade 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.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Truist Financial raised their target price on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods lifted their price objective on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research 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 company a “neutral” rating in a report on Friday, November 1st. Finally, Oppenheimer increased their price objective on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, LendingTree presently has an average rating of “Moderate Buy” and an average price target of $64.00.

LendingTree Stock Performance

TREE opened at $36.76 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree, Inc. has a 12-month low of $24.55 and a 12-month high of $62.49. The firm has a 50 day moving average of $42.02 and a two-hundred day moving average of $48.91. The firm has a market capitalization of $491.19 million, a PE ratio of -13.61 and a beta of 2.06.

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.