LendingTree, Inc. (NASDAQ:TREE) COO Purchases $877,366.05 in Stock

LendingTree, Inc. (NASDAQ:TREE) 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

TREE has been the topic of several recent analyst reports. Northland Securities raised shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research report on Tuesday, January 21st. Stephens restated an “overweight” rating and set a $69.00 target price on shares of LendingTree in a research note on Thursday, March 6th. JPMorgan Chase & Co. upped their target price on shares of LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Needham & Company LLC lowered their target price on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, LendingTree presently has an average rating of “Buy” and a consensus price target of $65.75.

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.