543 Shares in LendingTree, Inc. (NASDAQ:TREE) Acquired by National Bank of Canada FI

National Bank of Canada FI bought a new stake in shares of LendingTree, Inc. (NASDAQ:TREE) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 543 shares of the financial services provider’s stock, valued at approximately $32,000.

Several other institutional investors have also added to or reduced their stakes in TREE. Point72 DIFC Ltd increased its position in LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after buying an additional 499 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of LendingTree during the 3rd quarter valued at approximately $1,045,000. Janus Henderson Group PLC purchased a new stake in LendingTree in the 3rd quarter worth approximately $266,000. HighTower Advisors LLC bought a new stake in LendingTree during the 3rd quarter worth approximately $208,000. Finally, Verition Fund Management LLC purchased a new position in LendingTree during the third quarter valued at approximately $282,000. 68.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CTO Scott V. Totman acquired 3,750 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were acquired at an average cost of $38.59 per share, for a total transaction 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 trade represents a 25.97 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas R. Lebda purchased 13,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average price of $39.72 per share, for a total transaction 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 trade represents a 11.97 % increase in their position. The disclosure for this purchase can be found here. 23.40% of the stock is currently owned by company insiders.

LendingTree Price Performance

Shares of LendingTree stock opened at $39.09 on Thursday. The firm has a market cap of $522.32 million, a PE ratio of -14.48 and a beta of 2.03. LendingTree, Inc. has a 12 month low of $24.55 and a 12 month high of $62.49. The stock has a 50 day moving average of $48.13 and a 200 day moving average of $49.25. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67.

Wall Street Analyst Weigh In

TREE has been the subject of a number of analyst reports. Needham & Company LLC increased their price objective on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Oppenheimer boosted their price objective on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Truist Financial boosted their price target on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, LendingTree has an average rating of “Moderate Buy” and an average price target of $64.00.

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.