MWA Asset Management Has $1.26 Million Stake in LendingTree, Inc. (NASDAQ:TREE)

MWA Asset Management grew its holdings in LendingTree, Inc. (NASDAQ:TREE) by 30.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,728 shares of the financial services provider’s stock after acquiring an additional 5,072 shares during the quarter. MWA Asset Management’s holdings in LendingTree were worth $1,261,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its stake in shares of LendingTree by 48.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,519 shares of the financial services provider’s stock valued at $1,191,000 after acquiring an additional 6,727 shares during the last quarter. Empowered Funds LLC increased its stake in shares of LendingTree by 5.2% in the third quarter. Empowered Funds LLC now owns 35,218 shares of the financial services provider’s stock valued at $2,044,000 after buying an additional 1,742 shares during the period. Intellectus Partners LLC grew its holdings in LendingTree by 58.2% during the 3rd quarter. Intellectus Partners LLC now owns 19,375 shares of the financial services provider’s stock worth $1,124,000 after acquiring an additional 7,125 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of LendingTree during the third quarter worth $1,612,000. Finally, Lisanti Capital Growth LLC bought a new stake in shares of LendingTree in the third quarter worth $3,651,000. 68.26% of the stock is owned by institutional investors and hedge funds.

LendingTree Trading Down 1.1 %

NASDAQ:TREE opened at $42.94 on Wednesday. LendingTree, Inc. has a 52 week low of $15.75 and a 52 week high of $62.49. The firm has a 50-day moving average price of $54.66 and a two-hundred day moving average price of $49.95. The firm has a market cap of $573.68 million, a price-to-earnings ratio of -15.90 and a beta of 2.11. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TREE shares. StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a research report on Sunday, November 10th. Needham & Company LLC upped their price objective on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Susquehanna lifted their target price on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Northland Securities upped their price target on shares of LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Finally, Truist Financial upped their target price on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LendingTree has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Insider Activity at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.40% of the stock is currently owned by company insiders.

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.