JPMorgan Chase & Co. Has $2.05 Million Stake in LendingTree, Inc. (NASDAQ:TREE)

JPMorgan Chase & Co. decreased its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 19.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 35,270 shares of the financial services provider’s stock after selling 8,750 shares during the period. JPMorgan Chase & Co. owned 0.26% of LendingTree worth $2,047,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in TREE. Lisanti Capital Growth LLC acquired a new position in shares of LendingTree during the 3rd quarter valued at about $3,651,000. Walleye Capital LLC increased its holdings in shares of LendingTree by 118.0% during the 3rd 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 acquired a new position in shares of LendingTree during the 3rd quarter valued at about $1,612,000. Polar Asset Management Partners Inc. acquired a new position in shares of LendingTree during the 3rd quarter valued at about $1,045,000. Finally, Barclays PLC grew its holdings in LendingTree by 301.5% in the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock valued at $1,244,000 after buying an additional 16,077 shares during the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com lowered LendingTree from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Northland Securities upgraded shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Tuesday. Oppenheimer increased their price target on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Susquehanna increased their price target on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Needham & Company LLC increased their price target on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Insider Buying and Selling

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $52.54, for a total value of $29,632.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas R. Lebda acquired 13,000 shares of the stock in a transaction dated Friday, December 6th. The stock was acquired at an average price of $39.72 per share, for a total transaction of $516,360.00. Following the completion of the acquisition, the chief executive officer now directly owns 121,599 shares of the company’s stock, valued at $4,829,912.28. The trade was a 11.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.40% of the stock is owned by insiders.

LendingTree Stock Up 9.5 %

Shares of NASDAQ:TREE opened at $44.49 on Wednesday. LendingTree, Inc. has a one year low of $28.28 and a one year high of $62.49. The company has a 50 day moving average of $41.08 and a 200-day moving average of $48.84. 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 stock has a market cap of $594.39 million, a price-to-earnings ratio of -16.48 and a beta of 2.06.

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.