GSA Capital Partners LLP Makes New $1.61 Million Investment in LendingTree, Inc. (NASDAQ:TREE)

GSA Capital Partners LLP acquired a new position in shares of LendingTree, Inc. (NASDAQ:TREE) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 27,787 shares of the financial services provider’s stock, valued at approximately $1,612,000.

Other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its holdings in shares of LendingTree by 697.5% in the first quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 11,049 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in shares of LendingTree by 9.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after purchasing an additional 23,995 shares during the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of LendingTree in the third quarter valued at about $3,651,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of LendingTree by 6.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock valued at $15,419,000 after purchasing an additional 22,581 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of LendingTree by 53.9% in the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock valued at $10,868,000 after purchasing an additional 89,900 shares during the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Trading Up 3.4 %

Shares of NASDAQ:TREE opened at $54.01 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree, Inc. has a twelve month low of $13.87 and a twelve month high of $62.49. The company has a 50-day moving average price of $55.22 and a two-hundred day moving average price of $49.82.

Insiders Place Their Bets

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 23.40% of the company’s stock.

Analyst Upgrades and Downgrades

TREE has been the subject of several analyst reports. Susquehanna increased their target price on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Stephens increased their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Northland Securities increased their price target on shares of LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Oppenheimer increased their price target on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, LendingTree currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

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.