Charles Schwab Investment Management Inc. Purchases 5,277 Shares of LendingTree, Inc. (NASDAQ:TREE)

Charles Schwab Investment Management Inc. raised its position in LendingTree, Inc. (NASDAQ:TREE) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,483 shares of the financial services provider’s stock after purchasing an additional 5,277 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in LendingTree were worth $3,622,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in LendingTree by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider’s stock valued at $14,697,000 after buying an additional 2,595 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in shares of LendingTree by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider’s stock valued at $9,393,000 after purchasing an additional 15,400 shares during the last quarter. Empowered Funds LLC lifted its position in shares of LendingTree by 4.9% in the fourth quarter. Empowered Funds LLC now owns 36,946 shares of the financial services provider’s stock worth $1,432,000 after purchasing an additional 1,728 shares in the last quarter. Congress Asset Management Co. boosted its holdings in LendingTree by 13.4% during the fourth quarter. Congress Asset Management Co. now owns 24,808 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 2,923 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in LendingTree in the fourth quarter valued at $899,000. 68.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at LendingTree

In related news, COO Scott Peyree purchased 9,794 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the purchase, the chief operating officer now owns 97,566 shares in the company, valued at approximately $4,500,719.58. This represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 23.40% of the company’s stock.

LendingTree Stock Performance

TREE opened at $54.57 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a market cap of $730.91 million, a price-to-earnings ratio of -20.21 and a beta of 2.14. LendingTree, Inc. has a 12-month low of $33.58 and a 12-month high of $62.49. The business has a 50 day moving average of $45.22 and a 200-day moving average of $47.13.

Analyst Upgrades and Downgrades

Several brokerages have commented on TREE. Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Stephens reissued an “overweight” rating and set a $69.00 price target on shares of LendingTree in a research report on Thursday, March 6th. JPMorgan Chase & Co. boosted their price target on LendingTree from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Needham & Company LLC dropped their price objective on LendingTree from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $65.75.

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.