Charles Schwab Investment Management Inc. Has $5.12 Million Holdings in LendingTree, Inc. (NASDAQ:TREE)

Charles Schwab Investment Management Inc. boosted its position in shares of LendingTree, Inc. (NASDAQ:TREE) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,206 shares of the financial services provider’s stock after buying an additional 2,602 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.66% of LendingTree worth $5,119,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. CWM LLC lifted its holdings in LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after buying an additional 420 shares in the last quarter. nVerses Capital LLC lifted its holdings in LendingTree by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after buying an additional 800 shares in the last quarter. Empowered Funds LLC lifted its holdings in LendingTree by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 35,218 shares of the financial services provider’s stock worth $2,044,000 after buying an additional 1,742 shares in the last quarter. Emerald Advisers LLC lifted its holdings in LendingTree by 0.7% during the 2nd quarter. Emerald Advisers LLC now owns 345,892 shares of the financial services provider’s stock worth $14,386,000 after buying an additional 2,247 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in LendingTree by 4.0% during the 2nd quarter. AQR Capital Management LLC now owns 71,120 shares of the financial services provider’s stock worth $2,898,000 after buying an additional 2,707 shares in the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Oppenheimer upped their price objective on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com cut shares of LendingTree from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Susquehanna upped their target price on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Needham & Company LLC upped their target price on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Truist Financial upped their target price on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $64.00.

LendingTree Price Performance

TREE stock opened at $40.87 on Friday. The stock has a 50-day moving average price of $49.37 and a two-hundred day moving average price of $49.34. The stock has a market cap of $546.10 million, a PE ratio of -15.14 and a beta of 2.03. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree, Inc. has a 1 year low of $23.05 and a 1 year high of $62.49.

Insider Transactions at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $52.54, for a total value of $29,632.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Scott V. Totman bought 3,750 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average price of $38.59 per share, with a total value of $144,712.50. Following the completion of the purchase, the chief technology officer now directly owns 18,192 shares in the company, valued at $702,029.28. The trade was a 25.97 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 23.40% of the company’s stock.

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.