Congress Asset Management Co. Has $1.27 Million Holdings in LendingTree, Inc. (NASDAQ:TREE)

Congress Asset Management Co. raised its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 15.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 21,885 shares of the financial services provider’s stock after purchasing an additional 2,990 shares during the period. Congress Asset Management Co. owned approximately 0.17% of LendingTree worth $1,270,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in LendingTree in the 3rd quarter valued at $203,000. Harbour Capital Advisors LLC purchased a new stake in shares of LendingTree in the third quarter valued at about $244,000. nVerses Capital LLC lifted its position in shares of LendingTree by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 800 shares in the last quarter. Creative Planning purchased a new position in LendingTree during the third quarter worth about $356,000. Finally, CWM LLC grew its position in LendingTree by 262.1% in the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,578 shares in the last quarter. 68.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TREE. Needham & Company LLC boosted their target price on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday. Oppenheimer upped their price objective on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday. Keefe, Bruyette & Woods lifted their target price on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday. Susquehanna boosted their price target on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday. Finally, StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Trading Down 20.8 %

Shares of NASDAQ:TREE opened at $45.15 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21. The company has a 50-day moving average price of $56.66 and a two-hundred day moving average price of $49.02. LendingTree, Inc. has a twelve month low of $13.87 and a twelve month high of $62.49.

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.