Vontobel Holding Ltd. Sells 2,472 Shares of LendingTree, Inc. (NASDAQ:TREE)

Vontobel Holding Ltd. decreased its position in LendingTree, Inc. (NASDAQ:TREE) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,179 shares of the financial services provider’s stock after selling 2,472 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.06% of LendingTree worth $317,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lisanti Capital Growth LLC bought a new position in shares of LendingTree in the third quarter valued at approximately $3,651,000. GSA Capital Partners LLP bought a new position in shares of LendingTree in the third quarter valued at approximately $1,612,000. Polar Asset Management Partners Inc. bought a new position in shares of LendingTree in the third quarter valued at approximately $1,045,000. Barclays PLC raised its position in shares of LendingTree by 301.5% in the third quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock valued at $1,244,000 after purchasing an additional 16,077 shares during the period. Finally, Hennessy Advisors Inc. raised its position in shares of LendingTree by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider’s stock valued at $9,393,000 after purchasing an additional 15,400 shares during the period. Institutional investors own 68.26% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Scott V. Totman bought 3,750 shares of LendingTree stock in a transaction dated Friday, December 6th. The shares were bought at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the purchase, the chief technology officer now owns 18,192 shares of the company’s stock, valued at approximately $702,029.28. This trade represents a 25.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas R. Lebda bought 13,000 shares of LendingTree stock in a transaction dated Friday, December 6th. The stock was purchased at an average price of $39.72 per share, for a total transaction of $516,360.00. Following the purchase, the chief executive officer now directly owns 121,599 shares in the company, valued at $4,829,912.28. This represents a 11.97 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 23.40% of the company’s stock.

LendingTree Stock Down 4.1 %

TREE opened at $43.10 on Friday. LendingTree, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $62.49. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s fifty day moving average price is $41.90 and its two-hundred day moving average price is $48.14. The company has a market capitalization of $575.82 million, a P/E ratio of -15.96 and a beta of 2.07.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TREE shares. Northland Securities raised shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods boosted their target price on shares of LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Truist Financial boosted their target price on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer boosted their target price on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, LendingTree presently has a consensus rating of “Buy” and an average target price 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.