Douglas R. Lebda Buys 13,000 Shares of LendingTree, Inc. (NASDAQ:TREE) Stock

LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda bought 13,000 shares of the stock in a transaction dated Friday, December 6th. The shares were purchased at an average cost of $39.72 per share, for a total transaction of $516,360.00. Following the completion of the transaction, the chief executive officer now directly owns 121,599 shares of the company’s stock, valued at $4,829,912.28. This trade represents a 11.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

LendingTree Stock Up 4.9 %

TREE stock opened at $41.11 on Tuesday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $549.23 million, a price-to-earnings ratio of -15.23 and a beta of 2.03. LendingTree, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $62.49. The stock has a fifty day moving average of $50.25 and a 200-day moving average of $49.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of LendingTree by 1.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock worth $697,000 after acquiring an additional 295 shares during the period. CWM LLC grew its stake in shares of LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 420 shares during the period. 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. Finally, nVerses Capital LLC grew its stake in shares of LendingTree by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 800 shares during the period. Institutional investors own 68.26% of the company’s stock.

Analysts Set New Price Targets

TREE has been the topic of a number of research reports. Needham & Company LLC upped their target price on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial increased their price target on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Oppenheimer raised their target price on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, StockNews.com lowered LendingTree from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

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.