LendingTree, Inc. (NASDAQ:TREE – Get Free Report) COO Scott Peyree bought 21,045 shares of LendingTree stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $41.69 per share, for a total transaction of $877,366.05. Following the completion of the transaction, the chief operating officer now directly owns 76,760 shares in the company, valued at approximately $3,200,124.40. This trade represents a 37.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
LendingTree Price Performance
NASDAQ TREE opened at $49.26 on Friday. LendingTree, Inc. has a 12 month low of $33.58 and a 12 month high of $62.49. The stock has a market cap of $659.79 million, a price-to-earnings ratio of -18.24 and a beta of 2.14. The company’s 50 day moving average is $42.98 and its two-hundred day moving average is $47.32. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67.
Institutional Investors Weigh In On LendingTree
Institutional investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. grew its holdings in 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 in the last quarter. Versor Investments LP purchased a new stake in LendingTree during the 4th quarter valued at approximately $298,000. Proficio Capital Partners LLC purchased a new stake in LendingTree during the 4th quarter valued at approximately $899,000. GSA Capital Partners LLP purchased a new position in shares of LendingTree in the third quarter valued at $1,612,000. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of LendingTree in the third quarter valued at $1,045,000. 68.26% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
View Our Latest Report on LendingTree
About LendingTree
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.
Read More
- Five stocks we like better than LendingTree
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- How Investors Can Find the Best Cheap Dividend Stocks
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Why Invest in High-Yield Dividend Stocks?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for LendingTree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingTree and related companies with MarketBeat.com's FREE daily email newsletter.