LendingTree, Inc. (NASDAQ:TREE) Insider Jill Olmstead Sells 3,500 Shares of Stock

LendingTree, Inc. (NASDAQ:TREEGet Rating) insider Jill Olmstead sold 3,500 shares of LendingTree stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $26.07, for a total value of $91,245.00. Following the sale, the insider now directly owns 1,551 shares in the company, valued at $40,434.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

LendingTree Stock Down 10.0 %

LendingTree stock opened at $25.69 on Tuesday. The stock’s 50 day moving average is $26.14 and its 200 day moving average is $42.54. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 3.94. LendingTree, Inc. has a one year low of $20.05 and a one year high of $151.00.

Hedge Funds Weigh In On LendingTree

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in LendingTree by 2.2% in the first quarter. Vanguard Group Inc. now owns 1,260,887 shares of the financial services provider’s stock valued at $150,890,000 after buying an additional 26,934 shares during the period. Federated Hermes Inc. lifted its stake in LendingTree by 477.5% in the second quarter. Federated Hermes Inc. now owns 260,790 shares of the financial services provider’s stock valued at $11,428,000 after buying an additional 215,630 shares during the period. Renaissance Technologies LLC lifted its stake in LendingTree by 134.0% in the third quarter. Renaissance Technologies LLC now owns 243,400 shares of the financial services provider’s stock valued at $5,808,000 after buying an additional 139,400 shares during the period. Assenagon Asset Management S.A. lifted its stake in LendingTree by 45.3% in the second quarter. Assenagon Asset Management S.A. now owns 228,675 shares of the financial services provider’s stock valued at $10,021,000 after buying an additional 71,250 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its stake in LendingTree by 286.7% in the third quarter. Jupiter Asset Management Ltd. now owns 209,301 shares of the financial services provider’s stock valued at $4,994,000 after buying an additional 155,183 shares during the period. 80.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TREE. Needham & Company LLC cut their price target on LendingTree from $54.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. TheStreet lowered LendingTree from a “c-” rating to a “d+” rating in a research note on Monday, October 3rd. StockNews.com assumed coverage on LendingTree in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Oppenheimer cut their price objective on LendingTree from $55.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.57.

LendingTree Company Profile

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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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