LendingTree, Inc. (NASDAQ:TREE) Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its holdings in LendingTree, Inc. (NASDAQ:TREE) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,946 shares of the financial services provider’s stock after purchasing an additional 1,728 shares during the quarter. Empowered Funds LLC owned 0.28% of LendingTree worth $1,432,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 DIFC Ltd grew its position in shares of LendingTree by 77.0% during the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 499 shares during the period. National Bank of Canada FI purchased a new position in LendingTree during the third quarter worth approximately $32,000. nVerses Capital LLC grew its holdings in LendingTree by 200.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 800 shares during the period. CWM LLC increased its position in shares of LendingTree by 262.1% in the third quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,578 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of LendingTree by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider’s stock worth $14,697,000 after buying an additional 2,595 shares during the period. 68.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at LendingTree

In related news, CTO Scott V. Totman bought 3,750 shares of the company’s stock in a transaction on Friday, December 6th. The stock was bought at an average cost of $38.59 per share, for a total transaction of $144,712.50. Following the acquisition, the chief technology officer now directly owns 18,192 shares in the company, valued at $702,029.28. This represents a 25.97 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas R. Lebda purchased 13,000 shares of LendingTree stock in a transaction dated Friday, December 6th. The shares were bought at an average price of $39.72 per share, for a total transaction of $516,360.00. Following the acquisition, the chief executive officer now owns 121,599 shares in the company, valued at approximately $4,829,912.28. This trade represents a 11.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 23.40% of the company’s stock.

LendingTree Trading Up 1.7 %

TREE opened at $46.97 on Monday. The firm has a market capitalization of $627.52 million, a price-to-earnings ratio of -17.40 and a beta of 2.07. The company’s 50 day simple moving average is $41.62 and its two-hundred day simple moving average is $48.21. LendingTree, Inc. has a 1-year low of $28.50 and a 1-year high of $62.49. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TREE. Susquehanna lifted their price target on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Friday. Truist Financial upped their price target 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. Oppenheimer raised their price target on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Keefe, Bruyette & Woods boosted their price objective on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, LendingTree currently has a consensus rating of “Buy” and an average target price of $64.00.

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.