Victory Capital Management Inc. Buys 35,970 Shares of LendingTree, Inc. (NASDAQ:TREE)

Victory Capital Management Inc. boosted its stake in LendingTree, Inc. (NASDAQ:TREE) by 74.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,180 shares of the financial services provider’s stock after acquiring an additional 35,970 shares during the period. Victory Capital Management Inc. owned 0.63% of LendingTree worth $3,262,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its holdings in LendingTree by 101.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 1,021 shares during the last quarter. Versor Investments LP bought a new position in shares of LendingTree during the 4th quarter worth approximately $298,000. Proficio Capital Partners LLC bought a new position in shares of LendingTree during the 4th quarter worth approximately $899,000. Polar Asset Management Partners Inc. bought a new position in shares of LendingTree during the 3rd quarter worth approximately $1,045,000. Finally, Barclays PLC boosted its holdings 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 worth $1,244,000 after buying an additional 16,077 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TREE shares. Keefe, Bruyette & Woods cut their price target on LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a report on Tuesday, January 21st. Northland Capmk upgraded LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. StockNews.com upgraded LendingTree from a “buy” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, Needham & Company LLC lowered their target price on LendingTree from $78.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. 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 company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $65.75.

Insider Activity at LendingTree

In related news, COO Scott Peyree purchased 21,045 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $41.69 per share, with a total value of $877,366.05. Following the transaction, the chief operating officer now owns 76,760 shares of the company’s stock, valued at $3,200,124.40. This represents a 37.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.40% of the stock is currently owned by insiders.

LendingTree Trading Up 5.8 %

NASDAQ TREE opened at $49.26 on Monday. The firm has a market capitalization of $659.79 million, a P/E ratio of -18.24 and a beta of 2.14. The business has a fifty day simple moving average of $42.98 and a 200 day simple moving average of $47.26. LendingTree, Inc. has a 12 month low of $33.58 and a 12 month high of $62.49. 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 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.