LendingTree, Inc. (NASDAQ:TREE) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in LendingTree, Inc. (NASDAQ:TREE) by 18.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,386 shares of the financial services provider’s stock after selling 1,467 shares during the period. SG Americas Securities LLC’s holdings in LendingTree were worth $247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in shares of LendingTree during the third quarter valued at $32,000. Point72 DIFC Ltd increased its holdings in LendingTree by 77.0% in the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 499 shares in the last quarter. nVerses Capital LLC lifted its position in LendingTree by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 800 shares in the last quarter. CWM LLC grew its holdings in LendingTree by 262.1% during the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,578 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of LendingTree during the third quarter valued at about $203,000. 68.26% of the stock is owned by institutional investors and hedge funds.

LendingTree Price Performance

TREE opened at $45.41 on Friday. The firm has a market capitalization of $606.77 million, a P/E ratio of -16.82 and a beta of 2.07. The stock has a fifty day moving average of $40.92 and a 200-day moving average of $48.64. The company has a quick ratio of 0.92, a current 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.

Insider Buying and Selling at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree stock in a transaction on Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 bought at an average cost of $39.72 per share, for a total transaction of $516,360.00. Following the completion of the purchase, the chief executive officer now directly owns 121,599 shares of the company’s stock, valued at $4,829,912.28. The trade was a 11.97 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 23.40% of the company’s stock.

Analyst Upgrades and Downgrades

TREE has been the topic of a number of research analyst reports. StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a research note on Thursday. Oppenheimer lifted their price objective on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Susquehanna increased 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. Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods upped their price target on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.00.

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.