LendingTree, Inc. (NASDAQ:TREE) COO Purchases $451,797.22 in Stock

LendingTree, Inc. (NASDAQ:TREE) COO Scott Peyree acquired 9,794 shares of LendingTree stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $46.13 per share, with a total value of $451,797.22. Following the completion of the transaction, the chief operating officer now owns 97,566 shares of the company’s stock, valued at approximately $4,500,719.58. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Scott Peyree also recently made the following trade(s):

• On Tuesday, March 11th, Scott Peyree bought 21,045 shares of LendingTree stock. The stock was acquired at an average price of $41.69 per share, for a total transaction of $877,366.05.

LendingTree Stock Up 1.5 %

NASDAQ TREE opened at $49.44 on Thursday. The company has a market capitalization of $662.20 million, a P/E ratio of -18.31 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 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 simple moving average is $43.59 and its 200 day simple moving average is $47.16.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stephens reissued an “overweight” rating and issued a $69.00 price target on shares of LendingTree in a research note on Thursday, March 6th. JPMorgan Chase & Co. increased their target price on shares of LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, March 6th. Needham & Company LLC lowered their target price on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. StockNews.com raised shares of LendingTree from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $65.75.

Institutional Investors Weigh In On LendingTree

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of LendingTree by 63.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,490 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 5,603 shares during the period. Squarepoint Ops LLC increased its stake in LendingTree by 2,074.7% in the 4th quarter. Squarepoint Ops LLC now owns 107,998 shares of the financial services provider’s stock worth $4,185,000 after purchasing an additional 103,032 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in LendingTree during the 4th quarter worth about $409,000. Point72 Asset Management L.P. purchased a new stake in LendingTree during the fourth quarter valued at about $326,000. Finally, Man Group plc acquired a new position in shares of LendingTree in the fourth quarter worth about $324,000. 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.