LendingTree (NASDAQ:TREE) Price Target Raised to $68.00 at JPMorgan Chase & Co.

LendingTree (NASDAQ:TREE) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $65.00 to $68.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 38.16% from the stock’s previous close.

A number of other brokerages have also weighed in on TREE. Needham & Company LLC decreased their price target on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods decreased their target price on LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a research report on Thursday. Northland Capmk upgraded LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Tuesday, January 21st. Finally, Stephens reaffirmed an “overweight” rating and set a $69.00 target price on shares of LendingTree in a report on Thursday. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, LendingTree currently has a consensus rating of “Buy” and an average price target of $65.75.

LendingTree Price Performance

Shares of LendingTree stock traded up $8.95 on Thursday, reaching $49.22. The company’s stock had a trading volume of 531,943 shares, compared to its average volume of 226,340. 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 capitalization of $657.68 million, a P/E ratio of -18.29 and a beta of 2.07. LendingTree has a 52-week low of $33.58 and a 52-week high of $62.49. The stock has a 50-day moving average price of $42.02 and a 200-day moving average price of $47.78.

Insider Buying and Selling

In other LendingTree news, CTO Scott V. Totman acquired 3,750 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief technology officer now owns 18,192 shares of the company’s stock, valued at approximately $702,029.28. The trade was a 25.97 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas R. Lebda bought 13,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was bought at an average cost of $39.72 per share, for a total transaction of $516,360.00. Following the transaction, the chief executive officer now directly owns 121,599 shares of the company’s stock, valued at $4,829,912.28. The trade was a 11.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.40% of the stock is owned by company insiders.

Institutional Trading of LendingTree

Several institutional investors have recently added to or reduced their stakes in TREE. Squarepoint Ops LLC boosted its position in shares of LendingTree by 2,074.7% during the fourth quarter. Squarepoint Ops LLC now owns 107,998 shares of the financial services provider’s stock worth $4,185,000 after buying an additional 103,032 shares during the period. Cubist Systematic Strategies LLC grew its position in LendingTree by 127.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 166,575 shares of the financial services provider’s stock valued at $6,455,000 after acquiring an additional 93,244 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in LendingTree during the third quarter worth about $3,651,000. AQR Capital Management LLC lifted its position in shares of LendingTree by 70.6% during the fourth quarter. AQR Capital Management LLC now owns 131,404 shares of the financial services provider’s stock worth $5,092,000 after purchasing an additional 54,368 shares in the last quarter. Finally, Walleye Capital LLC boosted its stake in shares of 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 during the period. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.