Mirae Asset Global Investments Co. Ltd. trimmed its position in LendingTree, Inc. (NASDAQ:TREE – Get Rating) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,363 shares of the financial services provider’s stock after selling 1,954 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.42% of LendingTree worth $6,386,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of TREE. Dimensional Fund Advisors LP lifted its holdings in shares of LendingTree by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 148,859 shares of the financial services provider’s stock valued at $18,250,000 after purchasing an additional 1,159 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of LendingTree by 22.8% in the fourth quarter. Teacher Retirement System of Texas now owns 2,328 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 432 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of LendingTree by 121.4% in the fourth quarter. Renaissance Technologies LLC now owns 119,800 shares of the financial services provider’s stock valued at $14,687,000 after purchasing an additional 65,700 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of LendingTree by 1.8% in the fourth quarter. Invesco Ltd. now owns 187,258 shares of the financial services provider’s stock valued at $22,958,000 after purchasing an additional 3,303 shares in the last quarter. Finally, Public Sector Pension Investment Board acquired a new stake in shares of LendingTree in the fourth quarter valued at about $2,864,000. 80.41% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, Director Mark A. Ernst acquired 8,038 shares of LendingTree stock in a transaction dated Monday, August 22nd. The stock was bought at an average price of $34.93 per share, for a total transaction of $280,767.34. Following the completion of the acquisition, the director now directly owns 18,038 shares in the company, valued at approximately $630,067.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 17.90% of the company’s stock.
Wall Street Analyst Weigh In
LendingTree Price Performance
Shares of NASDAQ TREE opened at $28.69 on Thursday. The business’s 50 day moving average price is $39.64 and its two-hundred day moving average price is $65.56. The company has a market cap of $366.26 million, a PE ratio of 16.68 and a beta of 1.74. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 2.32. LendingTree, Inc. has a twelve month low of $28.64 and a twelve month high of $164.69.
LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, 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, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.
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