LendingTree, Inc. (NASDAQ:TREE) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 72.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,300 shares of the financial services provider’s stock after selling 94,532 shares during the quarter. Invesco Ltd. owned approximately 0.26% of LendingTree worth $1,368,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new position in shares of LendingTree during the 4th quarter worth about $36,000. Wealthfront Advisers LLC acquired a new position in shares of LendingTree during the 4th quarter worth about $54,000. KLP Kapitalforvaltning AS acquired a new position in shares of LendingTree during the 4th quarter worth about $70,000. Asset Management One Co. Ltd. boosted its position in shares of LendingTree by 101.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 1,021 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of LendingTree by 30.0% during the 4th quarter. Meeder Asset Management Inc. now owns 4,351 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 1,004 shares in the last quarter. 68.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TREE. Keefe, Bruyette & Woods lowered their price objective on LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research report on Tuesday, January 21st. StockNews.com raised LendingTree from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 25th. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. upped their target price on LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $65.75.

Insider Buying and Selling at LendingTree

In related news, COO Scott Peyree acquired 21,045 shares of LendingTree stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $41.69 per share, with a total value of $877,366.05. Following the purchase, the chief operating officer now directly owns 76,760 shares in the company, valued at approximately $3,200,124.40. The trade was a 37.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 23.40% of the stock is owned by company insiders.

LendingTree Stock Down 2.7 %

TREE opened at $51.59 on Thursday. The business has a 50 day moving average price of $46.57 and a two-hundred day moving average price of $45.48. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The company has a market cap of $691.00 million, a PE ratio of -19.11 and a beta of 1.90. LendingTree, Inc. has a 52 week low of $34.55 and a 52 week high of $62.49.

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.