Counterpoint Mutual Funds LLC Raises Holdings in LendingTree, Inc. (NASDAQ:TREE)

Counterpoint Mutual Funds LLC raised its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 80.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,772 shares of the financial services provider’s stock after acquiring an additional 3,923 shares during the quarter. Counterpoint Mutual Funds LLC owned approximately 0.07% of LendingTree worth $340,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of LendingTree by 199.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,035 shares of the financial services provider’s stock worth $1,939,000 after acquiring an additional 33,309 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of LendingTree during the 4th quarter worth about $54,000. Intellectus Partners LLC boosted its position in shares of LendingTree by 33.9% during the 4th quarter. Intellectus Partners LLC now owns 25,950 shares of the financial services provider’s stock worth $1,006,000 after acquiring an additional 6,575 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of LendingTree during the 4th quarter worth about $1,254,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of LendingTree during the 4th quarter worth about $899,000. 68.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TREE. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Tuesday, January 21st. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their target price on LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. upped 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. Finally, Needham & Company LLC decreased their target price on LendingTree from $78.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, LendingTree presently has an average rating of “Buy” and an average price target of $65.75.

Insiders Place Their Bets

In other LendingTree news, COO Scott Peyree bought 21,045 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $41.69 per share, with a total value of $877,366.05. Following the purchase, the chief operating officer now owns 76,760 shares in the company, valued at approximately $3,200,124.40. This represents a 37.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 23.40% of the stock is owned by insiders.

LendingTree Stock Up 2.8 %

LendingTree stock opened at $50.63 on Tuesday. LendingTree, Inc. has a twelve month low of $33.58 and a twelve month high of $62.49. The stock has a 50 day moving average of $43.20 and a two-hundred day moving average of $47.21. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $678.14 million, a price-to-earnings ratio of -18.75 and a beta of 2.14.

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.