1,393 Shares in LendingTree, Inc. (NASDAQ:TREE) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake in LendingTree, Inc. (NASDAQ:TREE) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,393 shares of the financial services provider’s stock, valued at approximately $54,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TREE. Empowered Funds LLC boosted its holdings in LendingTree by 5.2% in the third quarter. Empowered Funds LLC now owns 35,218 shares of the financial services provider’s stock valued at $2,044,000 after purchasing an additional 1,742 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in LendingTree by 48.8% in the third quarter. Thrivent Financial for Lutherans now owns 20,519 shares of the financial services provider’s stock valued at $1,191,000 after purchasing an additional 6,727 shares in the last quarter. MWA Asset Management boosted its holdings in LendingTree by 30.5% in the third quarter. MWA Asset Management now owns 21,728 shares of the financial services provider’s stock valued at $1,261,000 after purchasing an additional 5,072 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in LendingTree by 27.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,726 shares of the financial services provider’s stock valued at $971,000 after purchasing an additional 3,648 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of LendingTree in the third quarter valued at approximately $247,000. 68.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TREE shares. Stephens reissued an “overweight” rating and issued a $69.00 price objective on shares of LendingTree in a report on Thursday, March 6th. Needham & Company LLC decreased their price objective on LendingTree from $78.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. StockNews.com raised LendingTree from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $65.75.

LendingTree Price Performance

Shares of NASDAQ TREE opened at $48.70 on Wednesday. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a fifty day moving average price of $43.38 and a 200 day moving average price of $47.14. LendingTree, Inc. has a 1-year low of $33.58 and a 1-year high of $62.49. The company has a market cap of $652.29 million, a PE ratio of -18.04 and a beta of 2.14.

Insiders Place Their Bets

In other LendingTree news, COO Scott Peyree acquired 9,794 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the transaction, the chief operating officer now owns 97,566 shares of the company’s stock, valued at $4,500,719.58. The trade was a 11.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.40% of the stock is currently owned by company insiders.

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.