LendingTree, Inc. (NASDAQ:TREE) COO Scott Peyree Buys 9,794 Shares

LendingTree, Inc. (NASDAQ:TREE) COO Scott Peyree acquired 9,794 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $46.13 per share, with a total value of $451,797.22. Following the acquisition, the chief operating officer now owns 97,566 shares of the company’s stock, valued at approximately $4,500,719.58. This represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Scott Peyree also recently made the following trade(s):

• On Tuesday, March 11th, Scott Peyree acquired 21,045 shares of LendingTree stock. The shares were purchased at an average price of $41.69 per share, with a total value of $877,366.05.

LendingTree Stock Down 3.8 %

Shares of NASDAQ TREE opened at $48.70 on Wednesday. LendingTree, Inc. has a one year low of $33.58 and a one year high of $62.49. 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 business’s fifty day moving average price is $43.38 and its 200-day moving average price is $47.14. The stock has a market capitalization of $652.29 million, a PE ratio of -18.04 and a beta of 2.14.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted 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 valued at $80,000 after buying an additional 1,021 shares during the last quarter. Versor Investments LP bought a new stake in shares of LendingTree during the 4th quarter valued at $298,000. Proficio Capital Partners LLC bought a new stake in shares of LendingTree during the 4th quarter valued at $899,000. Polar Asset Management Partners Inc. bought a new stake in shares of LendingTree during the 3rd quarter valued at $1,045,000. Finally, Barclays PLC raised its stake in shares of LendingTree by 301.5% during the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock valued at $1,244,000 after purchasing an additional 16,077 shares during the period. Hedge funds and other institutional investors own 68.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. 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. JPMorgan Chase & Co. lifted 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. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research report on Tuesday, January 21st. Finally, StockNews.com raised LendingTree from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, LendingTree has an average rating of “Buy” and an average price target of $65.75.

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.