8,887 Shares in LendingTree, Inc. (NASDAQ:TREE) Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of LendingTree, Inc. (NASDAQ:TREE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,887 shares of the financial services provider’s stock, valued at approximately $516,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.07% of LendingTree as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of TREE. Lisanti Capital Growth LLC acquired a new position in LendingTree during the 3rd quarter valued at approximately $3,651,000. Emerald Mutual Fund Advisers Trust lifted its position in shares of LendingTree by 9.3% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after buying an additional 23,995 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of LendingTree during the 3rd quarter worth about $1,612,000. ClariVest Asset Management LLC purchased a new position in shares of LendingTree in the second quarter valued at approximately $1,360,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of LendingTree by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 88,206 shares of the financial services provider’s stock worth $5,119,000 after buying an additional 2,602 shares in the last quarter. Institutional investors own 68.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TREE shares. Oppenheimer upped their price objective on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods upped their price target on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Susquehanna lifted their price target on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC increased their price objective on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Truist Financial boosted their price objective on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Stock Up 1.2 %

LendingTree stock opened at $39.61 on Friday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The company has a 50-day simple moving average of $47.36 and a 200-day simple moving average of $49.16. The firm has a market capitalization of $529.27 million, a P/E ratio of -14.67 and a beta of 2.03. LendingTree, Inc. has a one year low of $24.55 and a one year high of $62.49.

Insider Activity

In other LendingTree news, CTO Scott V. Totman bought 3,750 shares of LendingTree stock in a transaction on Friday, December 6th. The stock was purchased at an average cost of $38.59 per share, for a total transaction of $144,712.50. Following the completion of the purchase, the chief technology officer now directly owns 18,192 shares of the company’s stock, valued at $702,029.28. The trade was a 25.97 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The disclosure for this sale can be found here. Insiders own 23.40% of the company’s stock.

LendingTree Company 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.