Proficio Capital Partners LLC Acquires Shares of 23,211 LendingTree, Inc. (NASDAQ:TREE)

Proficio Capital Partners LLC acquired a new stake in LendingTree, Inc. (NASDAQ:TREE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,211 shares of the financial services provider’s stock, valued at approximately $899,000. Proficio Capital Partners LLC owned about 0.17% of LendingTree at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Point72 DIFC Ltd increased its holdings in shares of LendingTree by 77.0% during the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after buying an additional 499 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of LendingTree during the 3rd quarter worth approximately $32,000. Asset Management One Co. Ltd. increased its holdings in LendingTree by 101.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 1,021 shares during the last quarter. Empowered Funds LLC increased its holdings in LendingTree by 4.9% in the 4th quarter. Empowered Funds LLC now owns 36,946 shares of the financial services provider’s stock valued at $1,432,000 after purchasing an additional 1,728 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in LendingTree by 75.0% in the 4th quarter. New York State Common Retirement Fund now owns 4,707 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 2,017 shares during the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TREE. Needham & Company LLC dropped their target price on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating for the company in a report on Thursday. Northland Securities upgraded shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Tuesday, January 21st. Stephens reiterated an “overweight” rating and set a $69.00 price target on shares of LendingTree in a research note on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, StockNews.com upgraded shares of LendingTree from a “buy” rating to a “strong-buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $65.75.

LendingTree Price Performance

Shares of TREE stock opened at $48.62 on Friday. The company has a market capitalization of $649.66 million, a PE ratio of -18.01 and a beta of 2.14. The firm has a fifty day simple moving average of $42.38 and a 200-day simple moving average of $47.72. 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 twelve month low of $33.58 and a twelve month 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.