Victory Capital Management Inc. Acquires 35,970 Shares of LendingTree, Inc. (NASDAQ:TREE)

Victory Capital Management Inc. raised its holdings in LendingTree, Inc. (NASDAQ:TREE) by 74.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,180 shares of the financial services provider’s stock after purchasing an additional 35,970 shares during the quarter. Victory Capital Management Inc.’s holdings in LendingTree were worth $3,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TREE. Point72 DIFC Ltd grew its stake 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 worth $67,000 after acquiring an additional 499 shares during the period. National Bank of Canada FI bought a new position in shares of LendingTree during the 3rd quarter worth $32,000. Asset Management One Co. Ltd. boosted its stake in LendingTree by 101.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 1,021 shares during the period. Empowered Funds LLC boosted its stake in LendingTree by 4.9% in the 4th quarter. Empowered Funds LLC now owns 36,946 shares of the financial services provider’s stock worth $1,432,000 after purchasing an additional 1,728 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in LendingTree by 75.0% during 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 buying an additional 2,017 shares in the last quarter. Institutional investors own 68.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TREE shares. JPMorgan Chase & Co. lifted their target price on LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a 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 report on Tuesday, January 21st. StockNews.com raised LendingTree from a “buy” rating to a “strong-buy” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods reduced their target price on LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, Stephens reaffirmed an “overweight” rating and set a $69.00 target price on shares of LendingTree in a report on Thursday, March 6th. One 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. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $65.75.

Insider Buying and Selling

In other news, COO Scott Peyree bought 21,045 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $41.69 per share, for a total transaction of $877,366.05. Following the transaction, the chief operating officer now directly owns 76,760 shares of the company’s stock, valued at $3,200,124.40. This represents a 37.77 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 23.40% of the stock is currently owned by corporate insiders.

LendingTree Stock Up 5.8 %

Shares of NASDAQ TREE opened at $49.26 on Monday. LendingTree, Inc. has a 12 month low of $33.58 and a 12 month high of $62.49. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The firm has a market capitalization of $659.79 million, a price-to-earnings ratio of -18.24 and a beta of 2.14. The business has a 50-day moving average of $42.98 and a 200-day moving average of $47.26.

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.