Victory Capital Management Inc. Sells 7,490 Shares of LendingTree, Inc. (NASDAQ:TREE)

Victory Capital Management Inc. reduced its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 13.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,210 shares of the financial services provider’s stock after selling 7,490 shares during the quarter. Victory Capital Management Inc. owned 0.36% of LendingTree worth $2,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in LendingTree by 697.5% during the first quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock valued at $535,000 after acquiring an additional 11,049 shares during the last quarter. Lisanti Capital Growth LLC purchased a new stake in LendingTree during the third quarter valued at $3,651,000. Emerald Mutual Fund Advisers Trust increased its position in LendingTree by 9.3% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after acquiring an additional 23,995 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in LendingTree by 6.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock valued at $15,419,000 after acquiring an additional 22,581 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in LendingTree during the third quarter valued at $1,612,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

Insider Transactions at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 23.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TREE. 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 report on Friday, November 1st. Keefe, Bruyette & Woods upped their price target on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Truist Financial upped their price target on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a research report on Sunday, November 10th. Finally, Stephens upped their price target on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Stock Performance

NASDAQ TREE opened at $43.99 on Friday. The firm has a market cap of $587.71 million, a price-to-earnings ratio of -16.29 and a beta of 2.11. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The business has a 50-day moving average price of $53.79 and a 200-day moving average price of $49.77. LendingTree, Inc. has a twelve month low of $15.78 and a twelve month high of $62.49.

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.