LendingTree, Inc. (NASDAQ:TREE) General Counsel Heather Enlow-Novitsky Sells 564 Shares

LendingTree, Inc. (NASDAQ:TREE) General Counsel Heather Enlow-Novitsky sold 564 shares of the company’s stock in a transaction dated 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 available through this link.

LendingTree Stock Up 3.4 %

Shares of NASDAQ:TREE traded up $1.77 during midday trading on Tuesday, hitting $54.01. 453,337 shares of the stock were exchanged, compared to its average volume of 237,707. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.82 and a current ratio of 0.92. LendingTree, Inc. has a 52-week low of $13.87 and a 52-week high of $62.49. The business’s fifty day simple moving average is $55.22 and its two-hundred day simple moving average is $49.82. The company has a market capitalization of $721.57 million, a PE ratio of -19.87 and a beta of 2.11.

Institutional Trading of LendingTree

A number of large investors have recently added to or reduced their stakes in TREE. Mirae Asset Global Investments Co. Ltd. increased its position in shares of LendingTree by 5.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider’s stock valued at $1,435,000 after acquiring an additional 1,605 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of LendingTree by 7.9% in the 1st quarter. Empowered Funds LLC now owns 31,136 shares of the financial services provider’s stock worth $1,318,000 after purchasing an additional 2,275 shares during the period. Susquehanna Fundamental Investments LLC increased its holdings in shares of LendingTree by 185.2% in the 1st quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 12,889 shares during the period. Headlands Technologies LLC lifted its holdings in shares of LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after buying an additional 270 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new stake in LendingTree during the 1st quarter valued at about $339,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

Analyst Ratings Changes

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