Versor Investments LP Invests $298,000 in LendingTree, Inc. (NASDAQ:TREE)

Versor Investments LP acquired a new stake in shares of LendingTree, Inc. (NASDAQ:TREE) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 7,700 shares of the financial services provider’s stock, valued at approximately $298,000.

A number of other hedge funds also recently made changes to their positions in TREE. Lisanti Capital Growth LLC bought a new stake in LendingTree during the 3rd quarter worth approximately $3,651,000. Walleye Capital LLC increased its stake in shares of LendingTree by 118.0% in the third quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 50,910 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of LendingTree during the 3rd quarter valued at $1,612,000. Proficio Capital Partners LLC purchased a new position in shares of LendingTree during the 4th quarter valued at $899,000. Finally, Polar Asset Management Partners Inc. bought a new position in LendingTree in the 3rd quarter worth $1,045,000. 68.26% of the stock is currently owned by institutional investors.

LendingTree Price Performance

NASDAQ:TREE opened at $38.14 on Tuesday. The business’s 50-day moving average is $41.97 and its 200 day moving average is $47.91. LendingTree, Inc. has a 12 month low of $33.58 and a 12 month high of $62.49. The company has a market capitalization of $509.63 million, a P/E ratio of -14.13 and a beta of 2.07. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67.

Insider Transactions at LendingTree

In other LendingTree news, CEO Douglas R. Lebda bought 13,000 shares of LendingTree stock in a transaction dated Friday, December 6th. The shares were purchased at an average cost of $39.72 per share, for a total transaction of $516,360.00. Following the acquisition, the chief executive officer now directly owns 121,599 shares in the company, valued at approximately $4,829,912.28. This represents a 11.97 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Scott V. Totman bought 3,750 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the completion of the transaction, the chief technology officer now directly owns 18,192 shares in the company, valued at approximately $702,029.28. This represents a 25.97 % increase in their position. The disclosure for this purchase can be found here. Insiders own 23.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TREE shares. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Tuesday, January 21st. Finally, Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $67.71.

LendingTree 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.