LendingTree (NASDAQ:TREE) Sees Large Volume Increase – Here’s What Happened

Shares of LendingTree, Inc. (NASDAQ:TREE) saw an uptick in trading volume on Monday . 327,306 shares traded hands during trading, an increase of 37% from the previous session’s volume of 239,282 shares.The stock last traded at $43.30 and had previously closed at $44.34.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TREE shares. Susquehanna increased their target price on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Stephens lifted their price target on LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Needham & Company LLC boosted their price target on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods raised 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. Finally, Northland Securities boosted their target price on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

LendingTree Trading Up 0.1 %

The stock has a market capitalization of $574.35 million, a PE ratio of -15.61 and a beta of 2.11. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The company’s 50 day moving average price is $54.48 and its two-hundred day moving average price is $49.91.

Insider Buying and Selling at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LendingTree

Several large investors have recently bought and sold shares of TREE. Jacobs Levy Equity Management Inc. lifted its stake in shares of LendingTree by 6.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock worth $15,419,000 after acquiring an additional 22,581 shares during the period. Emerald Advisers LLC lifted its stake in shares of LendingTree by 3.0% in the third quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock valued at $20,681,000 after purchasing an additional 10,497 shares during the period. Renaissance Technologies LLC boosted its holdings in LendingTree by 25.0% during the second quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock worth $12,182,000 after buying an additional 58,500 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its position in LendingTree by 9.3% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after buying an additional 23,995 shares during the period. Finally, Geode Capital Management LLC increased its holdings in LendingTree by 1.0% in the third 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 in the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.