Ieq Capital LLC Invests $248,000 in LendingTree, Inc. (NASDAQ:TREE)

Ieq Capital LLC acquired a new position in shares of LendingTree, Inc. (NASDAQ:TREE) in the 4th quarter, Holdings Channel reports. The fund acquired 6,395 shares of the financial services provider’s stock, valued at approximately $248,000.

Other hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in shares of LendingTree during the third quarter worth approximately $32,000. Point72 DIFC Ltd increased its position in LendingTree by 77.0% during the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 499 shares during the period. Asset Management One Co. Ltd. raised its stake in 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 valued at $80,000 after purchasing an additional 1,021 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in LendingTree by 75.0% in the 4th quarter. New York State Common Retirement Fund now owns 4,707 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 2,017 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in LendingTree in the 3rd quarter worth $203,000. Institutional investors own 68.26% of the company’s stock.

Wall Street Analysts Forecast Growth

TREE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Truist Financial lifted their price objective on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer boosted their price objective on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Susquehanna lifted their price target on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $67.71.

LendingTree Price Performance

Shares of TREE stock opened at $40.39 on Friday. The stock’s fifty day simple moving average is $41.96 and its 200 day simple moving average is $47.98. LendingTree, Inc. has a one year low of $33.58 and a one year high of $62.49. The firm has a market cap of $539.69 million, a price-to-earnings ratio of -14.96 and a beta of 2.07. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92.

Insider Buying and Selling at LendingTree

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

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.