LendingTree, Inc. (NASDAQ:TREE) CEO Acquires $516,360.00 in Stock

LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda acquired 13,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was purchased at an average cost 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 in the company, valued at $4,829,912.28. The trade was a 11.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

LendingTree Price Performance

Shares of NASDAQ:TREE traded up $1.93 during trading hours on Monday, hitting $41.11. The stock had a trading volume of 554,755 shares, compared to its average volume of 249,673. 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 stock’s fifty day simple moving average is $50.59 and its 200 day simple moving average is $49.48. LendingTree, Inc. has a 1-year low of $22.25 and a 1-year high of $62.49.

Institutional Trading of LendingTree

Hedge funds have recently added to or reduced their stakes in the business. Hennessy Advisors Inc. bought a new position in shares of LendingTree in the second quarter valued at approximately $8,380,000. Lisanti Capital Growth LLC bought a new position in LendingTree during the 3rd quarter valued at $3,651,000. Renaissance Technologies LLC increased its position in shares of LendingTree by 25.0% during the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock valued at $12,182,000 after purchasing an additional 58,500 shares during the period. Walleye Capital LLC raised its stake in shares of LendingTree by 118.0% in the 3rd quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider’s stock worth $451,000 after buying an additional 50,910 shares in the last quarter. Finally, ClariVest Asset Management LLC acquired a new stake in shares of LendingTree in the second quarter valued at $1,360,000. Institutional investors own 68.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TREE shares. Susquehanna upped their target price on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Oppenheimer increased their price objective on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Truist Financial upped their target price on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC upped their price objective on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Keefe, Bruyette & Woods lifted their target price on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

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.