Creative Planning Purchases New Holdings in LendingTree, Inc. (NASDAQ:TREE)

Creative Planning purchased a new stake in LendingTree, Inc. (NASDAQ:TREE) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 6,136 shares of the financial services provider’s stock, valued at approximately $356,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM LLC raised its holdings in LendingTree by 230.8% in the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 420 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of LendingTree by 16.8% during the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after buying an additional 270 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of LendingTree during the 2nd quarter worth approximately $132,000. Meeder Asset Management Inc. acquired a new stake in shares of LendingTree during the 2nd quarter worth approximately $139,000. Finally, Versor Investments LP acquired a new stake in shares of LendingTree during the 2nd quarter worth approximately $204,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TREE shares. StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Northland Securities raised their price target on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Susquehanna raised their price target on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Truist Financial increased their price objective 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. Finally, Needham & Company LLC increased their price objective on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LendingTree has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Price Performance

LendingTree stock opened at $48.20 on Friday. The stock has a market cap of $642.99 million, a P/E ratio of -17.85 and a beta of 2.11. The company has a fifty day simple moving average of $55.54 and a 200-day simple moving average of $49.45. LendingTree, Inc. has a 12-month low of $13.87 and a 12-month high of $62.49. The company has a current ratio of 0.92, a quick ratio of 1.82 and a debt-to-equity ratio of 3.67.

About LendingTree

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.