Barclays PLC Buys 16,077 Shares of LendingTree, Inc. (NASDAQ:TREE)

Barclays PLC increased its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 301.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,409 shares of the financial services provider’s stock after purchasing an additional 16,077 shares during the quarter. Barclays PLC owned about 0.16% of LendingTree worth $1,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lisanti Capital Growth LLC bought a new position in LendingTree in the 3rd quarter valued at $3,651,000. Renaissance Technologies LLC boosted its stake 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 purchasing an additional 58,500 shares during the last quarter. Walleye Capital LLC boosted its stake in LendingTree by 118.0% in the third quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider’s stock valued at $451,000 after acquiring an additional 50,910 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of LendingTree during the 3rd quarter valued at $1,612,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of LendingTree in the 3rd quarter worth $1,045,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

LendingTree Stock Performance

Shares of TREE opened at $36.76 on Tuesday. The stock has a 50 day moving average of $42.02 and a 200 day moving average of $48.91. 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 12 month low of $24.55 and a 12 month high of $62.49. The company has a market capitalization of $491.19 million, a price-to-earnings ratio of -13.61 and a beta of 2.06.

Insider Buying and Selling at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of the stock in a transaction on 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 legal filing with the SEC, which is accessible through this link. Also, CTO Scott V. Totman bought 3,750 shares of LendingTree stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of $38.59 per share, for a total transaction of $144,712.50. Following the acquisition, the chief technology officer now 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. Insiders own 23.40% of the company’s stock.

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.