State Street Corp Has $13.74 Million Stock Holdings in LendingTree, Inc. (NASDAQ:TREE)

State Street Corp trimmed its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 87.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,751 shares of the financial services provider’s stock after selling 1,586,558 shares during the period. State Street Corp owned about 1.77% of LendingTree worth $13,739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TREE. Point72 DIFC Ltd raised its holdings in shares of LendingTree by 77.0% during the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 499 shares in the last quarter. nVerses Capital LLC raised its stake in shares of 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 purchasing an additional 800 shares in the last quarter. CWM LLC raised its stake in shares of LendingTree by 262.1% during the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,578 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of LendingTree by 5.2% during the 3rd 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 last quarter. Finally, Emerald Advisers LLC grew its stake in shares of LendingTree by 0.7% in the 2nd quarter. Emerald Advisers LLC now owns 345,892 shares of the financial services provider’s stock valued at $14,386,000 after buying an additional 2,247 shares in the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at LendingTree

In related news, CTO Scott V. Totman acquired 3,750 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were purchased at an average price of $38.59 per share, with a total value of $144,712.50. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $52.54, for a total transaction of $29,632.56. The disclosure for this sale can be found here. Corporate insiders own 23.40% of the company’s stock.

LendingTree Stock Performance

NASDAQ TREE opened at $38.44 on Thursday. The company’s fifty day moving average is $46.47 and its two-hundred day moving average is $49.19. LendingTree, Inc. has a 52-week low of $24.55 and a 52-week high of $62.49. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $513.64 million, a price-to-earnings ratio of -14.24 and a beta of 2.03.

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.