Intech Investment Management LLC Purchases Shares of 4,262 LendingTree, Inc. (NASDAQ:TREE)

Intech Investment Management LLC bought a new stake in LendingTree, Inc. (NASDAQ:TREE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,262 shares of the financial services provider’s stock, valued at approximately $247,000.

A number of other large investors have also bought and sold shares of the business. Emerald Advisers LLC grew its stake in shares of LendingTree by 3.0% during the third quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock valued at $20,681,000 after purchasing an additional 10,497 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of LendingTree by 25.0% in the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock valued at $12,182,000 after buying an additional 58,500 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in LendingTree by 9.3% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after buying an additional 23,995 shares during the period. Hennessy Advisors Inc. bought a new position in LendingTree during the second quarter worth about $8,380,000. Finally, AQR Capital Management LLC grew its stake in LendingTree by 4.0% in the second quarter. AQR Capital Management LLC now owns 71,120 shares of the financial services provider’s stock valued at $2,898,000 after acquiring an additional 2,707 shares during the period. 68.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at LendingTree

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Truist Financial boosted their price objective on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC increased their price target on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Susquehanna upped their price target on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Oppenheimer lifted their price target on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods raised their price target on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, LendingTree has an average rating of “Moderate Buy” and an average price target of $64.00.

LendingTree Stock Down 0.6 %

NASDAQ TREE opened at $38.32 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The company has a market cap of $511.96 million, a price-to-earnings ratio of -14.19 and a beta of 2.03. The company has a 50 day moving average of $50.94 and a 200-day moving average of $49.46. LendingTree, Inc. has a 1-year low of $19.95 and a 1-year high of $62.49.

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.