Assenagon Asset Management S.A. Has $4.91 Million Stock Position in LendingTree, Inc. (NASDAQ:TREE)

Assenagon Asset Management S.A. lessened its stake in LendingTree, Inc. (NASDAQ:TREE) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,732 shares of the financial services provider’s stock after selling 34,013 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.95% of LendingTree worth $4,911,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC increased its position in LendingTree by 301.5% during the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock worth $1,244,000 after buying an additional 16,077 shares during the period. Geode Capital Management LLC boosted its stake in LendingTree by 1.0% in the third quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider’s stock valued at $14,697,000 after buying an additional 2,595 shares in the last quarter. National Bank of Canada FI acquired a new stake in LendingTree in the third quarter valued at about $32,000. Point72 DIFC Ltd boosted its stake in LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after buying an additional 499 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of LendingTree during the third quarter valued at about $1,045,000. Institutional investors own 68.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on TREE shares. Susquehanna lifted their price target on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. StockNews.com lowered LendingTree from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Keefe, Bruyette & Woods upped their price target on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a 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 report on Friday, November 1st. Finally, 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 note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $64.00.

Insider Buying and Selling

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm’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 legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Scott V. Totman acquired 3,750 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were purchased at an average cost of $38.59 per share, for a total transaction of $144,712.50. Following the completion of the acquisition, the chief technology officer now owns 18,192 shares in the company, valued at $702,029.28. This represents a 25.97 % increase in their position. The disclosure for this purchase can be found here. 23.40% of the stock is currently owned by insiders.

LendingTree Stock Performance

Shares of TREE opened at $40.64 on Tuesday. The stock’s 50-day simple moving average is $41.08 and its 200 day simple moving average is $48.84. The stock has a market capitalization of $543.03 million, a price-to-earnings ratio of -15.05 and a beta of 2.06. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. LendingTree, Inc. has a 52-week low of $25.23 and a 52-week 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.