Rhumbline Advisers Decreases Stock Holdings in LendingTree, Inc. (NASDAQ:TREE)

Rhumbline Advisers trimmed its holdings in LendingTree, Inc. (NASDAQ:TREE) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,181 shares of the financial services provider’s stock after selling 609 shares during the quarter. Rhumbline Advisers owned about 0.11% of LendingTree worth $550,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Asset Management One Co. Ltd. lifted its stake 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 worth $80,000 after purchasing an additional 1,021 shares in the last quarter. Empowered Funds LLC raised its position in shares of LendingTree by 4.9% during the 4th quarter. Empowered Funds LLC now owns 36,946 shares of the financial services provider’s stock valued at $1,432,000 after buying an additional 1,728 shares during the period. Hennessy Advisors Inc. raised its position in shares of LendingTree by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider’s stock valued at $9,393,000 after buying an additional 15,400 shares during the period. Barclays PLC raised its position in shares of LendingTree by 301.5% during 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 period. Finally, Geode Capital Management LLC raised its position in shares of LendingTree by 1.0% during the 3rd 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 during the period. 68.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TREE has been the topic of several analyst reports. StockNews.com raised shares of LendingTree from a “buy” rating to a “strong-buy” rating in a research report on Friday. Needham & Company LLC reduced their price target on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Stephens reaffirmed an “overweight” rating and set a $69.00 price target on shares of LendingTree in a research report on Thursday. Northland Securities raised 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 report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, LendingTree currently has an average rating of “Buy” and a consensus target price of $65.75.

LendingTree Stock Down 1.5 %

LendingTree stock opened at $48.62 on Friday. The firm has a 50 day moving average price of $42.38 and a 200 day moving average price of $47.72. The company has a market capitalization of $649.66 million, a PE ratio of -18.01 and a beta of 2.14. 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 fifty-two week low of $33.58 and a fifty-two 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.