Wealth Enhancement Advisory Services LLC Takes Position in LendingTree, Inc. (NASDAQ:TREE)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of LendingTree, Inc. (NASDAQ:TREE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,503 shares of the financial services provider’s stock, valued at approximately $203,000.

Other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its holdings in shares of LendingTree by 697.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock worth $535,000 after buying an additional 11,049 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in LendingTree by 9.3% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after acquiring an additional 23,995 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in LendingTree by 6.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock worth $15,419,000 after purchasing an additional 22,581 shares during the period. Acadian Asset Management LLC increased its stake in LendingTree by 53.9% in the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock valued at $10,868,000 after purchasing an additional 89,900 shares in the last quarter. Finally, ClariVest Asset Management LLC acquired a new position in shares of LendingTree during the second quarter valued at about $1,360,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Keefe, Bruyette & Woods raised their target price on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research note on Sunday. Needham & Company LLC boosted their price objective on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday, November 1st. Oppenheimer increased their target price on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Truist Financial lifted their price target on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Insider Buying and Selling at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 23.40% of the company’s stock.

LendingTree Stock Performance

Shares of TREE stock opened at $54.01 on Wednesday. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 1.82. The firm has a 50-day moving average of $55.22 and a 200-day moving average of $49.82. LendingTree, Inc. has a one year low of $13.87 and a one year high of $62.49. The company has a market cap of $721.57 million, a P/E ratio of -19.87 and a beta of 2.11.

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.