Asset Management One Co. Ltd. Acquires 1,021 Shares of LendingTree, Inc. (NASDAQ:TREE)

Asset Management One Co. Ltd. raised its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 101.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,027 shares of the financial services provider’s stock after purchasing an additional 1,021 shares during the period. Asset Management One Co. Ltd.’s holdings in LendingTree were worth $80,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lisanti Capital Growth LLC bought a new position in shares of LendingTree in the 3rd quarter worth approximately $3,651,000. Walleye Capital LLC raised its position in shares of LendingTree by 118.0% in the 3rd quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 50,910 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of LendingTree in the 3rd quarter worth approximately $1,612,000. Polar Asset Management Partners Inc. bought a new position in shares of LendingTree in the 3rd quarter worth approximately $1,045,000. Finally, Barclays PLC raised its position in shares of LendingTree by 301.5% in the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock worth $1,244,000 after acquiring an additional 16,077 shares in the last quarter. Institutional investors own 68.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TREE. Needham & Company LLC increased their target price on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial increased their target price on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer increased their target price on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research report on Tuesday, January 21st. Finally, Susquehanna upped their price target on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, LendingTree has an average rating of “Buy” and an average price target of $64.00.

Insider Buying and Selling at LendingTree

In other LendingTree news, CTO Scott V. Totman bought 3,750 shares of the business’s stock in a transaction 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 purchase, the chief technology officer now owns 18,192 shares in the company, valued at approximately $702,029.28. This trade represents a 25.97 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas R. Lebda purchased 13,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was purchased at an average price of $39.72 per share, for a total transaction of $516,360.00. Following the completion of the purchase, the chief executive officer now owns 121,599 shares in the company, valued at approximately $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. Company insiders own 23.40% of the company’s stock.

LendingTree Stock Performance

Shares of TREE opened at $41.27 on Friday. The business’s fifty day simple moving average is $41.90 and its two-hundred day simple moving average is $48.14. 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 $28.50 and a 12 month high of $62.49. The company has a market cap of $551.37 million, a price-to-earnings ratio of -15.29 and a beta of 2.07.

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.