Barclays PLC Has $1.24 Million Stock Position in LendingTree, Inc. (NASDAQ:TREE)

Barclays PLC increased its position in shares of LendingTree, Inc. (NASDAQ:TREE) by 301.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,409 shares of the financial services provider’s stock after acquiring an additional 16,077 shares during the quarter. Barclays PLC owned about 0.16% of LendingTree worth $1,244,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Lisanti Capital Growth LLC bought a new stake in LendingTree in the third quarter valued at about $3,651,000. Renaissance Technologies LLC grew its holdings in LendingTree by 25.0% during the second quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock valued at $12,182,000 after purchasing an additional 58,500 shares during the period. Walleye Capital LLC increased its stake in LendingTree by 118.0% in the third quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 50,910 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in LendingTree in the second quarter worth $1,360,000. Finally, GSA Capital Partners LLP bought a new position in shares of LendingTree during the third quarter worth $1,612,000. Institutional investors own 68.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. 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. Susquehanna increased their price objective on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods boosted 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 cut shares of LendingTree from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Truist Financial boosted 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Insider Buying and Selling

In other LendingTree news, CEO Douglas R. Lebda acquired 13,000 shares of the company’s stock in a transaction on Friday, December 6th. The stock was acquired 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 of the company’s stock, valued at $4,829,912.28. This trade represents a 11.97 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $52.54, for a total transaction of $29,632.56. The disclosure for this sale can be found here. 23.40% of the stock is owned by insiders.

LendingTree Trading Down 2.6 %

LendingTree stock opened at $39.25 on Monday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50-day simple moving average of $45.19 and a 200 day simple moving average of $49.10. The stock has a market capitalization of $524.46 million, a P/E ratio of -14.54 and a beta of 2.03. LendingTree, Inc. has a 52 week low of $24.55 and a 52 week high of $62.49.

LendingTree 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.